Yellen: The rationale for the tariff policy is unclear and unwise, but the Federal Reserve (FED) does not need to intervene for now.

robot
Abstract generation in progress

Jin10 data reported on April 15, the former U.S. Treasury Secretary Yellen stated on Monday that the rationale for Trump's tariff policy is "not clear, and not wise at all." Yellen indicated that the recent turmoil in the bond market and the weakness of the dollar reflect a "loss of confidence," although things have not yet reached the point where The Federal Reserve (FED) needs to intervene. She stated: "The measures to cancel and drop tariffs are positive, but we are in a world full of great uncertainty." She expressed confusion over some of the targets of the tariff measures. Yellen said: "If there are genuine concerns about financial stability, I believe the FED would consider using liquidity tools as it did at the start of the pandemic. But we are not at that point yet."

TRUMP1.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)