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Former Treasury Secretary Yellen: AI Has Been a Huge Driver of Economic Growth

Summary by CNBC
Janet Yellen, Brookings Institution distinguished fellow, former Federal Reserve chair and former Treasury Secretary in the Biden administration, joins 'Squawk Box' to discuss the economy, her thoughts if the economy needs a rate hike, AI's impact on the economy and employment, and more.

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Janet Yellen: I would bet that we'll see some increase in rates to contain inflation. Paulo Bareta/Disclosure The inflation still above the target, the tariffs adopted by the Donald Trump government and the uncertainties caused by the conflicts in the Middle East must keep high interest rates in the United States. The evaluation is by Janet Yellen, former Secretary of the American Treasury and former President of the Federal Reserve (Fed), who s…

·Rio de Janeiro, Brazil
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Globo broke the news in Rio de Janeiro, Brazil on Wednesday, August 5, 2026.
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