Treasury Secretary Janet Yellen said that the trillions of dollars in President Joe Biden’s new spending proposals would be good for the United States even if it pushes inflation higher and leads the Fed to raise interest rates. “If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in a June 6 interview on Bloomberg. As part of its crisis support measures for the economy, the Fed has kept interest rates at near-zero and it has been making around $120 billion in monthly asset purchases. Yellen made the remarks during her return from a Group of Seven finance ministers’ meeting in London, at which she reiterated her view that the current bout of inflation would be temporary. “We’re seeing some inflation but I don’t believe it’s permanent,” Yellen said at …