Yellen Says Rates Might Need to Rise as Economy Recovers
Gonna have to rise the Treasury secretary weighing in today, Janet Yellen, saying rates may have to go up to keep the economy from overheating. Janet Yellen is not just the Treasury secretary. She also used to run the Federal Open Market Committee who made decisions on interest rates, so she has additional credibility in that area. And of course, the market assumes that will happen even though the current fed on by folks who run the Fed have said not this year, they're more concerned with full employment than they are about keeping inflation at a very low rate.