Gellen, who had previously served as president of the US Federal Bank (FED), made her first public placements
Former US Secretary of Finance Janet Gellen has filed a fierce criticism of President Donald Trump today, stressing that the economic policies of the Republican president are the “worst self -injury” that has made a government in a well -operated economy.
Gellen, who had previously served as president of the US Federal Bank (FED), made her first public placements after her term of office as Minister of Finance to the predecessor government of Democratic President Joe Biden.
In an interview with CNN International, the former minister stressed that the possibility of a recession of the US economy has increased, noting that the threat of financial instability caused by the decline in US bond prices in recent days was the one that probably prompted Trump to make the most of them. USA.
The former finance minister said US bond yields have increased abruptly amid financial turmoil caused by Trump duties, leading investors to call into question the secure refuge regime that US bonds have.
“The duties have led high leverage Hedge funds that are in possession of American bonds to start selling US bonds in their possession and this is something that could really start causing financial volatility if there are massive sales of US bonds“, He stressed. “So from what I can understand this was something that influenced President Trump to drive him to freeze mutual duties and this is definitely something that should be of concern.”
Source :Skai
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