05-March-2021
Economy News
 
Judge Biden stimulus on speed of return to pre-Covid unemployment: Yellen
23-Feb-2021

US Treasury Secretary Janet Yellen said on Monday she will judge the success of President Joe Biden's coronavirus stimulus plan by how quickly it returns the economy to pre-pandemic levels of unemployment. Speaking to a New York Times Dealbook online event, Yellen also played down the increased debt levels that would be incurred from Biden's $1.9 trillion American recovery plan being debated in Congress. She said that due to low interest rates, US interest expenses as a share of GDP are at 2007 levels.

News Source:- https://www.business-standard.com/article/international/judge-biden-stimulus-on-speed-of-return-to-pre-covid-unemployment-yellen-121022201195_1.html