Inflation Is A Yay For Yellen – And Annuities

June 15, 2021 by Steven A. Morelli

Treasury Secretary Janet Yellen’s assurance that a little inflation and higher interest rates would be good for the economy might have some worried about inflation’s erosion of retirement security, but the higher rates could actually help some retirees.

Yellen was responding to concerns about the inflationary effect triggered by the trillions of taxpayer dollars that have been spent and being proposed to be spent by the Biden administration to support the economy.

“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said Sunday in an interview with Bloomberg News following the G-7 summit.

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Originally Posted at InsuranceNewsNet on June 7, 2021 by Steven A. Morelli.