Former US central bank head Janet Yellen cautions Donald Trump’s trade negotiators against demanding a stable yuan to end trade war

//Former US central bank head Janet Yellen cautions Donald Trump’s trade negotiators against demanding a stable yuan to end trade war

Former US central bank head Janet Yellen cautions Donald Trump’s trade negotiators against demanding a stable yuan to end trade war

Former US Federal Reserve chair Janet Yellen – refuting the Trump administration’s allegations that China is a currency manipulator – wants American trade negotiators to think twice about asking China to maintain a stable exchange rate between the yuan and the US dollar, as it is “difficult and treacherous” to define when a country is manipulating its currency.Central banks need to be able to use all policy levers, including the exchange rate, to meet domestic economic needs, Yellen told a…

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By | 2019-02-23T03:40:10+00:00 February 23rd, 2019|World|Comments Off on Former US central bank head Janet Yellen cautions Donald Trump’s trade negotiators against demanding a stable yuan to end trade war