HONG KONG — Janet Yellen, the former chair of the Federal Reserve, said Monday that the recent triggering of a recession indicator in the U.S. bond markets could signal the need for a rate cut and not a prolonged economic downturn.
"My own answer is no, I don't see it as a signal of recession," Yellen said during a question and answer session on the future of global monetary policy. Yellen, currently a distinguished resident fellow at the Brookings Institution, said she doesn't see a recession as"particularly likely" though she did stress that the U.S. economy is indeed slowing.
😂 recession and depression is to follow... people in depth and have no money...struggle to pay their bills and catching 2-3 low pay jobs to survive... this is it...
How long while this last?! Just simply hiding the truth from the commons. The inability to see the global macroeconomic destruction soon to come has me worried.
Stephen Moore said the Fed Chair would be OJT for him, which is exactly what America doesn't need now. He will help shape Trump's next tax scam to come for Americans Medicare/Medicaid and Social Security.
She should buy some duct tape. Shut up.
Janet Yellen should never have been replaced