TechFlow, April 15 — According to Jinshi Data, former U.S. Treasury Secretary Yellen said on Monday that the rationale behind Trump's tariff policies is "unclear and not at all sensible."
Yellen stated that recent turmoil in the bond market and the weakening of the dollar reflect a "loss of confidence," although the situation has not yet reached a point requiring Federal Reserve intervention. She added, "Measures to remove and reduce tariffs are positive, but we are in a world filled with great uncertainty." She expressed confusion over some objectives of the tariff actions. Yellen said, "If there are genuine financial stability concerns, I believe the Fed would consider using liquidity tools as it did at the start of the pandemic." "But we are not there yet."
