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Tags: yellen | yield curve | cut rates | recession

Former Fed Chair Yellen: Yield Curve May Signal Need to Cut Rates, Not a Recession

Former Fed Chair Yellen: Yield Curve May Signal Need to Cut Rates, Not a Recession
Janet Yellen (Getty Images)

Monday, 25 March 2019 06:51 AM

Former U.S. Federal Reserve chair Janet Yellen said Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.

Yellen, who led the Fed between 2014 and 2018, was speaking at the Credit Suisse Asian Investment Conference in Hong Kong.

The yield curve inverted Friday for the first time since mid-2007, a shift that has in the past signaled the risk of recession. The slope regained its ascendancy in European trading on Monday after stronger-than-expected German data.

Charles Evans, a voting member of the Fed's policy-setting Federal Open Market Committee, told the same conference on Monday that it was understandable for markets to be nervous when the yield curve flattened.

© 2022 Thomson/Reuters. All rights reserved.


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Former U.S. Federal Reserve chair Janet Yellen said Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.
yellen, yield curve, cut rates, recession
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2019-51-25
Monday, 25 March 2019 06:51 AM
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