Mars Finance News, on April 15, Janet Yellen, the former U.S. Treasury Secretary, commented on Trump's tariff plan. She said that the rationale behind Trump's tariff policy was "unclear and completely unreasonable." In an interview with Bloomberg, Yellen stated, "Removing tariffs and lowering tariffs is positive, but we are in a world full of great uncertainty." Even with various uncertainties facing investors, governments, and consumers, she believes the U.S. economy remains strong and that the Federal Reserve currently has no need to intervene. Yellen said, "If there are truly financial stability issues, I believe the Federal Reserve will consider using its liquidity tools, just as it did in the early stages of the COVID-19 pandemic. But we are not at that point yet." Regarding the surge in U.S. Treasury yields, Yellen noted, "I do not believe we are seeing a complete market liquidity dysfunction, but the pattern suggesting people have lost confidence in U.S. economic policies and the safety of basic financial assets is indeed very concerning." (Jinshi)
Former U.S. Treasury Secretary: The decline in U.S. debt shows that people have lost confidence in U.S. policies and financial assets
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