TechFlow, April 15 — According to Jinshi Data, former U.S. Treasury Secretary Janet Yellen commented on Trump's tariff plan. She said the rationale behind Trump's tariff policy is unclear and entirely unreasonable.
Yellen told Bloomberg that removing or lowering tariffs is a positive move, but we are in a world filled with great uncertainty.
Despite various uncertainties facing investors, governments, and consumers, the U.S. economy remains strong, and she believes there is currently no need for Federal Reserve intervention. Yellen said: "If there were real financial stability issues, I believe the Fed would consider using its liquidity tools, as it did at the beginning of the pandemic. But we are not at that point yet."
Regarding the surge in U.S. Treasury yields, Yellen stated, "I don't think we're seeing a dysfunctional complete drying-up of market liquidity, but patterns indicating a loss of confidence in U.S. economic policies and the safety of core financial assets are indeed very concerning."
