US Treasury Secretary Janet Yellen at the WSJ CEO Council NOW says that she’s not predicting or recommending rates increase.
Clarifying her earlier comments, Yellen stated that she doesn’t “recommend nor predict” interest rate increases and that while she believes that “inflation will not be a problem” there are tools available, primarily by the Federal Reserve, to help mitigate any potential fallout. She also asserted that due to “structural reasons” interest rates will remain low in the future. She doesn’t see the rescue package overheating the economy.