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What does Janet Yellen as Treasury secretary mean for the US economy?

Next year will be transformative for the global economy, policy perceptions and financial markets as the world finally transcends the Covid-19 pandemic. Interest rates are already bottoming out, and the US might be in the vanguard for rate rearmament a lot sooner than expected.
Global monetary insurance has succeeded, world growth is springing back and interest rate policy looks too loose. Ultra-low rates can’t last forever and at some stage the great monetary rewind will begin. Latent…

Read the original article at South China Morning Post

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