Yellen Says Rates ‘Unlikely’ to Return to Pre-Covid Levels
By Viktoria Dendrinou and Christopher Condon US Treasury Secretary Janet Yellen said it’s “unlikely” that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields. Asked why White House projections released Monday showed markedly higher expectations for interest rates in coming years compared with projections a year ago, Yellen said the new numbers […]