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 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
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
Yuan
Economy /  China Economy

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
Karen Yeung
Karen Yeung

Updated: 10:35am, 25 Feb, 2019

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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 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
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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