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Yellen made evaluations about the economic agenda at an event organized by The New York Times.
Noting that those most affected by the crisis caused by the new type of coronavirus epidemic (Kovid-19) should not be permanently injured, Yellen said: “I think we have more financial space than before and we should consider using it.” saying.
Regarding whether US President Joe Biden’s $ 1.9 trillion economic support package will be successful, Yellen said: “Success for me is that we can go back to pre-epidemic unemployment levels and see re-employment. of those who lost their jobs, especially in the service. ” sector. “used the expressions.
Emphasizing that the Treasury Minister’s most important task is to ensure the country is on a sound financial path, Yellen said that failing to make the necessary expenses to get the economy back on track will be a cost.
“PEOPLE SHOULD BE AWARE THAT IT CAN BE EXTREMELY TOY”
Referring to the tax regulations, Yellen explained that Biden does not prefer the wealth tax, such a tax will have serious implementation problems and the administration wants to increase the corporate tax to 28 percent.
Stating that an increase in capital gains tax might be worth considering, Yellen stressed that the impact of the tax situation on ordinary investors should be closely examined.
Yellen also made evaluations on Bitcoin and said:
“I do not think that Bitcoin is widely used as a transaction mechanism. I am afraid that it is often used for illegal financing. It is an extremely inefficient way of processing transactions, and the amount of energy consumed to perform these transactions is surprising. It is a highly asset. speculative. I think people are aware that it can be extremely volatile. I am concerned about possible losses that investors may suffer. ”
Bitcoin, which showed a rapid rise last week, fell into the new week. The price of Bitcoin, which topped $ 58,000 over the weekend, dropped to $ 50,000 on Monday.
