NEWS： Yellen said an upside-down yield curve might indicate a need for interest rate c
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Yellen, former chairman of the Federal Reserve, said on Monday that the upside-down of the U.S. Treasury yield curve may indicate the need for interest rate cuts at some point, rather than a recession.
Yellen, who chaired the Federal Reserve from 2014 to 2018, spoke at the Credit Suisse Asia Investment Conference.
Last Friday, for the first time since mid-2007, the U.S. Treasury bond yield curve was upside-down, which in the past meant the risk of recession. After Germany released stronger-than-expected economic data on Monday, the slope of the U.S. Treasury yield curve turned up again in European trading.
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