Janet Yellen says America would be 'lucky to skirt a recession'

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• Janet Yellen, the former Federal Reserve chair and secretary of the U.S. Treasury, called President Donald Trump’s tariffs "misguided" and "unclear." She laid out the problems they pose for the Federal Reserve: Tariffs could fuel inflation and induce a slowdown.

Janet Yellen is not in favor of the president’s tariffs. The former Fed chair and Treasury secretary called the tariffs "misguided" and “the objectives unclear.”