Ekonomické zprávy
01.11.2021

U.S. Treasury Secretary dismisses treasury-market jitters

Bloomberg reports that Treasury Secretary Janet Yellen dismissed recent moves in the bond market that have signaled concern about monetary policy makers squelching economic growth, and expressed confidence in the continuing recovery from the Covid-19 pandemic.

“I think what we’re going to see is a good, solid recovery. The unemployment rate has gone down considerably, and this is nothing like the recovery from the 2008 financial crisis.” - Yellen said.

The U.S. yield curve flattened the most last week since the summer of 2020. The move has been triggered in part by expectations the Fed will start raising interest rates sooner than previously anticipated, to quell inflation.

Yellen declined to comment directly on monetary policy, but offered an oblique vote of confidence in how the U.S. central bank plans to approach the issue of removing its stimulus.

Yellen noted that Fed Chair Jerome Powell has said he believes the current bout of inflation will diminish over time, a view that aligns closely with hers.

Podívejte se také