Yellen says higher Treasury yields give signal recovery, not inflation

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FILE PHOTO: Federal Reserve Chair Janet Yellen speaks at a press conference after a two-day political meeting of the Federal Open Markets Committee (FOMC) in Washington, USA, on September 20, 2017 REUTERS / Joshua Roberts

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that higher long-term Treasury debt yields were a sign that market participants predicted a stronger recovery than concern for inflation.

“I don’t see markets expecting inflation to rise above the Fed’s 2% inflation target as an average long-term inflation rate,” Yellen said in a PBS Newshour interview.

He added that the United States needs faster job growth than was seen during February, but that it may reach full employment next year with President Joe Biden’s $ 1.9 trillion stimulus plan. of dollars.

Reports by David Lawder; Editing by Chris Reese

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