• Tech stocks plummet as Yellen says interest rates may need to rise

    7 days ago - By Business Insider

    A trader works on the floor at the New York Stock Exchange in New York City, U.S., March 5, 2020.
    Andrew Kelly/Reuters
    US stocks sank Tuesday as Treasury Secretary Yellen said interest rates may need to rise to prevent the economy from overheating.
    Tech stocks led losses with Apple, Amazon, and Tesla all in the red at the close.
    The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    US stocks dropped sharply on Tuesday after Treasury Secretary Janet Yellen said interest...
    Read more ...

     

  • Treasury Secretary Janet Yellen says higher interest rates may be needed so economy doesn't 'overheat'

    7 days ago - By Business Insider

    Treasury Secretary Janet Yellen.
    Jacquelyn Martin/AP
    It might be necessary to lift interest rates to keep the economy from overheating, Janet Yellen said.
    The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023.
    Some experts fear Biden's latest spending plans risk dangerously strong inflation.
    See more stories on Insider's business page .
    Treasury Secretary Janet Yellen is among the country's most experienced economic policy experts. A veteran of the Clinton and Obama administrations, Yellen has long been characterized as an economist closely...
    Read more ...