Former U.S. Treasury Secretary Yellen: The tariff policy lacks clear justification and is unwise; the Federal Reserve currently does not need to intervene.

gate News bot message, former US Treasury Secretary Yellen spoke on Monday, pointing out that Trump’s tariff policy lacks clear justification and is completely unwise.

Yellen pointed out that recent fluctuations in the bond market and the weakening of the dollar reflect a loss of market confidence, but the current situation does not require the Federal Reserve to take intervention measures. She emphasized: “While the cancellation and reduction of tariffs are positive steps, we are in a highly uncertain environment.” Regarding some of the targets of the tariff measures, she expressed doubts. Yellen added: “If substantial concerns about financial stability arise, I believe the Federal Reserve will consider using liquidity tools similar to those at the beginning of the pandemic, but we are not at that stage yet.”