- U.S. Treasury Secretary Yellen: We have a window to invest in ourselves
Market news
16 June 2021
U.S. Treasury Secretary Yellen: We have a window to invest in ourselves
- Thanks to Congress, I believe, we are well on our way towards that goal
- Pandemic was not our only economic problem; long before COVID-19, millions of people in this country were running up against series of long-term, structural economic challenges that undermined their ability to make a good living, including divergence in wages and of geographic regions, decline in labor force participation, rise of climate change, and persistence of racial inequality;
- There are clear reasons why these destructive forces have festered: the private sector does not make enough of types of investments needed to reverse them;
- We need to remedy this lack of investment. We need ambitious fiscal policy to start unwinding these trends
- President’s Budget, which includes both American Jobs and Families Plans, will repair fractured foundations of our economy;
- We need to make these investments at some point, and now is fiscally most strategic time to make them
- We expect cost of federal debt payments will remain well below historical levels through coming decade; we have a window to invest in ourselves
- In fact, this Budget is both fiscally strategic and fiscally responsible
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page