I think it is important for Congress to recognize that as the economy recovers and both short- and long-term rates move up, a situation in which the Government's funding costs remain as low as they are, if we are successful in achieving our goal of getting the economy back on track, this is a very temporary situation.
Yellen emphasizes the temporary nature of low government funding costs during economic recovery.
Share
More from Janet Yellen
We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.
How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?
The president has made clear that he would veto the bill in the House that ties aid for Israel to cuts in funding for the Internal Revenue Service.
Other voices in this conversation
