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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.

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