Yellen: Interest Rates May Not Return to Pre-Pandemic Lows
- Yellen says it's unclear where interest rates will settle after pandemic volatility
- Suggests a shift from her previous view that rates would return to pre-pandemic lows
- Rates implications critical given impact on government debt financing costs
- Higher long-run rates could come with higher economic growth
- Cost to finance debt hasn't risen substantially yet, but could if rates stay high