Janet Yellen: Reasons for recent interest rate cuts in the United States have largely disappeared

Former US Treasury Secretary and former Chair of the Federal Reserve, Janet Yellen, stated at the 2026 Orient Bank Asset Management Global Investment Forum that the reasons for recent interest rate cuts in the US have largely disappeared, and inflation and macroeconomic uncertainty have limited monetary policy space. Janet Yellen pointed out that the triple supply side shocks of tariffs, energy disruptions, and rising electricity costs from artificial intelligence will continue to push inflation above the Federal Reserve's target, and the US federal government debt level is undervalued by the market, making the fiscal policy path unsustainable.