JOURNAL ARTICLE

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

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Botros, Alena 3 of 3

Abstract

The article discusses Janet Yellen's critical perspective on President Donald Trump's tariffs, which she describes as "misguided" and unclear in their objectives. Yellen warns that these tariffs could lead to inflation and a slowdown in economic activity, potentially pushing the Federal Reserve to reconsider interest rate cuts if economic conditions worsen. The article highlights the uncertainty surrounding the tariffs' impact on trade, consumer sentiment, and business investment, with various economists expressing concerns about a possible recession. Yellen emphasizes that the ongoing trade war could have lasting negative effects on the U.S. economy, complicating the Fed's dual mandate of maintaining stable prices and maximum employment. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Women's Studies and Feminism
  • Publication Date:2025
  • Accession Number:184526272
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