Treasury Secretary Janet Yellen has emphasized the need to increase revenue in light of the forecast for higher interest rates. In an interview on Friday with business, Yellen noted that the higher interest-rate path makes it more challenging to manage deficits and interest expenses. This stance is particularly significant in the ongoing negotiations with Republican lawmakers, where boosting revenue has become a crucial point of discussion.
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Treasury Secretary Janet Yellen emphasizes the importance of increasing revenue in response to rising interest rates. #Yellen #InterestRates #RevenueBoost
“We’ve raised the interest-rate forecast,” Yellen noted Friday in an interview with @business. “That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control.” https://t.co/zE8prGQwbf
Janet Yellen said the outlook for higher interest rates over the long haul heightens the importance of boosting revenue in negotiations with Republican lawmakers https://t.co/HHpmf8jeOB
YELLEN: HIGHER INTEREST RATE PATH INCREASES NEED TO RAISE REVENUE