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Treasury Secretary Janet Yellen says higher interest rates may be needed so economy doesn’t ‘overheat’


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Treasury Secretary Janet Yellen is among the country’s most experienced economic policy experts.

A veteran of the Clinton and Obama administrations, Yellen has long been characterized as an economist closely associated with the center-left. That changed after the slow recovery from the Great Recession saw her transform into an ultra-dove, urging stimulus to hasten the recovery in 2010.

Now, as Treasury Secretary for President Joe Biden, she presides over a level of stimulus unseen since World War II  — and she is sounding suddenly hawkish, especially in her remarks which aired Tuesday that higher interest rates might be necessary details ⇒

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