Janet Yellen
U.S. Treasury Secretary
Janet Yellen is the Secretary of the Treasury and former Chair of the Federal Reserve, with extensive experience in economic policy and monetary strategy.
Global Business / Economy
Should Central Banks Keep Raising Rates or Have They Already Broken Something Nobody Has Noticed Yet?Interest rate decisions by central banks have become one of the defining economic debates of the decade. After years of ultra-low borrowing costs, policymakers have aggressively raised rates to combat persistent inflation, arguing that restoring price stability is essential for long-term growth. Yet as higher borrowing costs ripple through households, businesses, and financial markets, some economists warn that the full consequences may not emerge until much later. The central question is no longer whether inflation should be tackled—it should—but whether continued tightening risks exposing hidden weaknesses within the financial system. Balancing inflation control with economic resilience has become one of the most consequential challenges facing central banks today.