Treasurer of the US Treasury: the rate hike is good for citizens and the Fed

According to Jinshi's report, US Treasury Secretary Yellen estimates that former President Biden's $ 4 trillion spending plan will lead to inflation and ultimately benefit the United States despite rising interest rates . “A slight increase in the final rate is good for both the (American) community and the Fed,” Yellen said. The current increase is believed to be due to "temporary adverse events" caused by new infectious diseases.