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MNI BRIEF:Yellen Says 'Time to Go Big' In Confirmation Hearing

Janet Yellen, Joe Biden's nominee for Treasury Secretary, said Tuesday the President-elect's USD1.9 trillion fiscal plan was key to getting the economy back on track.

"Right now, with interest rates at historic lows, the smartest thing we can do is act big," Yellen told the Senate Finance Committee. "Without further action we risk a longer and more painful recession now and more scarring of the economy later."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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