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Yellen Rules Out Near-Term Rate Cuts, Cites Inflation and Debt Risks on June 12

GateNews
Forex
According to BlockBeats, former Federal Reserve Chair Janet Yellen stated on June 12 at the 2026 Amundi Global Investment Forum in Paris that the rationale for near-term U.S. interest rate cuts has "essentially disappeared" due to persistent inflation and fiscal vulnerabilities. Yellen pointed to three supply-side shocks pressuring prices: tariffs, Middle East energy disruptions, and rising electricity costs from artificial intelligence investment. She warned that U.S. federal debt levels pose underestimated risks, with interest payments now exceeding defense spending, and cautioned that the current fiscal trajectory is "unsustainable." Despite low near-term rate hike probability, Yellen emphasized that inflation expectations remain the key policy variable, with markets repricing rate path assumptions.
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In-Depth Analysis

JPMorgan CEO Dimon Praises Mexico Economy in Meeting With President Sheinbaum

Lucas Bennett9h ago

ECB Raises Rates 25 Basis Points as Inflation Forecasts Rise on Energy Costs

Lucas Bennett14h ago

How big is the impact of CPI on the BTC market? With inflation data at 4.2%, how will rate-hike expectations hit the crypto market?

Gate Instant Trends19h ago
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