Federal Reserve Chairman

Yellen, the former chairman of the US Federal Reserve, pointed out that he was worried about global economic growth and low inflation, and supported the authorities’ interest rate meeting held this week to cut the benchmark interest rate by 25 basis points.

Yellen pointed out at an economic strategy group meeting that unless the situation changes, it is not expected to be another major loose start, and it is considered appropriate to cut interest rates slightly. She also pointed out that the current economic situation in the United States is ideal and the labor force is still tight, but the inflation level is still low.

She clearly stated that the current global economy is gradually weakening, which is related to the uncertainty of trade conflicts on corporate investment, and the US interest rate hike also contributed to the slowdown of global economic growth. When the US Federal Reserve takes austerity measures, it will inevitably have an impact on the rest of the world, and will also weaken financial markets and global growth prospects.

Yellen believes that the current work of the Federal Reserve has prepared market participants and has become one of the reasons for interest rate cuts. Even though the Fed should not formulate policies based on market demand or expectations, it is wise to achieve relevant forecasts when the market is in line with the Fed’s views.

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