 "US Treasury Secretary Janet Yellen")
US Treasury Secretary Janet Yellen said on Monday she will judge the success of President Joe Biden's coronavirus stimulus plan by how quickly it returns the economy to pre-pandemic levels of unemployment.
Speaking to a New York Times Dealbook online event, Yellen also played down the increased debt levels that would be incurred from Biden's $1.9 trillion American recovery plan being debated in Congress. She said that due to low interest rates, US interest expenses as a share of GDP are at 2007 levels.
The current US unemployment rate is 6.3 per cent, compared with 3.5 per cent before the pandemic
