We’ve been told for months that inflation is low and there is no reason to be concerned, in spite of massive government money printing and open-ended “stimulus”. Then comes this acknowledgement:
“Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions in government stimulus spending.”
Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating
You don’t say? I’ve been saying this for quite a while, but I am a brain-injured idiot (and in this case) with relevant experience. I make observations and ask stupid questions.
