Former US Federal Reserve chair Janet Yellen says central banks need to be able to use all policy levers, including exchange rates, to meet domestic economic needs. Photo: Reuters

US must be ‘careful’ in demanding stable Chinese yuan to end trade war, says former US central bank head

  • Former US Federal Reserve chair Janet Yellen said it is ‘difficult and treacherous’ to define when a country is manipulating its currency
  • Donald Trump’s administration have alleged China has been manipulating the currency in a bid to offset increased tariffs
Topic |   Yuan
Former US Federal Reserve chair Janet Yellen says central banks need to be able to use all policy levers, including exchange rates, to meet domestic economic needs. Photo: Reuters
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