Former US Treasury Secretary Yellen Says One Fed Rate Cut Possible This ...
Yellen said the Fed could cut rates later this year as the Iran conflict pushes crude up more than 30% and lifts inflation risks.
6 Articles
6 Articles
Yellen Foresees Fed Rate Cut Amidst Iran Conflict Pressure
Yellen Foresees Fed Rate Cut Amidst Iran Conflict Pressure In light of the ongoing inflationary pressure caused by the Iran war, former U.S. Treasury Secretary Janet Yellen forecasts at least one interest rate cut by the Federal Reserve this year. Speaking at the HSBC Global Investment Summit in Hong Kong, Yellen highlighted the Fed's vigilant monitoring of short-term inflation trends.Despite the geopolitical tensions, Fed policymakers decided i…
Former US Treasury Secretary Yellen says Iran war to bring more inflationary pressure
HONG KONG, April 15 (Reuters) – Former U.S. Treasury Secretary Janet Yellen said on Wednesday that the Iran war is creating supply shocks in the global economy which could put more pressure on inflation. Yellen, speaking to the HSBC Global Investment Summit in Hong Kong, said the Middle East conflict had intensified ongoing economic uncertainty. “It puts upward pressure on inflation and we’ve already seen that in recent inflation re…
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