3 ms·

Scary part is the Biden administration seems in denial of any inflation risks: https://www.reuters.com/world/us/treasurys-yellen-interest-rates-may-need-rise-mo

• bryanlarsen 5y ago
  Do you have the right link? She says that the Fed will raise rates if necessary to combat inflation. That's not denial.
  • frockington1 5y ago
    The Fed used to say they would target 2% and just recently changed it to "an average of 2%". It's less denial and more of a changing in definition.
    • deleted 5y ago
      [deleted]
    • JumpCrisscross 5y ago
      Sure, but that’s the Fed. It’s odd to pin this in the Biden administration when it’s a Trump appointee running the Fed while a Biden Treasurer (and former Obama Fed chairwoman) raises and retracts the spectre of rate increases.
  • anewaccount2021 5y ago
    They can't. If the ten year note even reverted to the historical average of 4.9%, it would require 30% of the present budget just to service the interest. Rates will never appreciably rise, they can't or all borrowers will be crushed
  • dghlsakjg 5y ago
    also, The Fed is supposed to act as an independent body not under the control of the executive or legislative branch.
• neximo64 5y ago
  If you're more familiar with it its part of the job.