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US Treasury Secretary Yellen warnsfafa855slot, High interest rates make borrowing difficult, emphasizing the need to increase fiscal revenue and control deficits.
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U.S. Treasury Secretary Yellen hints: Long-term high interest rates may cause U.S. debt financing costs to surge sharply
U.S. Treasury Secretary Yellen recently pointed out that in the face of a continued high interest rate trend, the United States 'ability to maintain borrowing demand has been tested. She emphasized that this situation requires that the focus of fiscal strategy should shift to measures such as tax increases to strengthen fiscal revenue to maintain the stability of debt and interest costs. Yellen specifically mentioned that interest payments on government debt as a proportion of GDP, adjusted for inflation, are expected to remain at 1 per cent over the next decade.fafa855slot.3%. She said that although a specific upper limit has not been set, the tolerance for this rate is no more than 2%.