Yellen's Stark Warning on Trump's Economic Policies

In a recent interview with CNN International, former Treasury Secretary Janet Yellen did not mince words when discussing the impact of President Donald Trump's tariffs on the US economy. Describing them as "the worst self-inflicted wound" she has ever seen, Yellen highlighted how these policies could undermine a previously well-functioning economy.

The Ripple Effects of Rising Treasury Yields

Yellen pointed to the recent surge in Treasury yields as a potential factor influencing Trump's decision to suspend proposed tariffs. This move, according to Yellen, might be a reaction to the economic pressures these tariffs have created, including the heightened risk of a recession.

A Cautionary Tale for Economic Policy

Beyond the immediate effects, Yellen expressed deep concerns about the broader approach to US economic policy under Trump. Her warnings serve as a cautionary tale about the dangers of protectionist policies in a globalized economy.