Yellen's Sharp Critique on Trump's Economic Policies

In a recent interview with CNN International, former Treasury Secretary Janet Yellen did not hold back her criticism of Donald Trump's economic strategies, particularly the imposition of tariffs. "This is the worst self-inflicted wound that I have ever seen in an administration impose on a well-functioning economy," Yellen remarked, highlighting the detrimental impact of these policies.

The Ripple Effects of Rising Treasury Yields

Yellen pointed out that the surge in Treasury yields might have played a role in Trump's decision to suspend proposed tariffs. This move, according to Yellen, was a reaction to the economic pressures building up from his previous decisions.

Warning Signs of a Potential Recession

Adding to her critique, Yellen expressed serious concerns about the direction of US economic policy under Trump. She cautioned that such actions not only undermine economic stability but also significantly increase the risk of plunging the country into a recession.