Open Demo Account
Home / Market Update / Yellen: Stimulus Plan Sucess Depends on Unemployment Returns to Pre-pandemic Levels
Janet Yellen
Janet Yellen

Yellen: Stimulus Plan Sucess Depends on Unemployment Returns to Pre-pandemic Levels

Adel 23 February, 2021 5:37 pm Market Update

US Treasury Secretary Janet Yellen said that the verdict on the success of President John Biden’s stimulus plan will be how quickly it will return the economy to pre-pandemic unemployment levels and restore jobs in the service sector.

Speaking at a webinar, Hunt Yellen also discussed the rise in public debt levels that would result from Biden’s $1.9 trillion US recovery plan currently being discussed by Congress.

Because of lower interest rates, she said, US interest payments as a share of GDP are at 2007 levels.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends