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Gansu Xirui Commodity Trading Center, Asphalt, Silver, Copper and Platinum, Telephone Member Recruitment, Agent Account Opening, High Commission Investment, Gansu Xirui Commodity Platform Information. During the campaign, Trump once pointed out that he would invest trillions of dollars in infrastructure projects. To stimulate the current weak economic status of the United States.
In her speech to Congress last night local time in the United States, Yellen warned members of Congress that Congress should pay more attention to the current debt situation of the United States than Trump’s trillion-dollar stimulus plan. The central bank's monetary policy alone cannot boost the economy. Fiscal policy is indeed essential, but the current situation in the United States does not allow us to do so.
Currently, employment in the United States is almost full, and the economy is in pretty good shape. We are no longer in a state where we need massive stimulus policies to promote employment after the financial crisis. Yellen said.
Currently, employment in the United States is almost full, and the economy is in pretty good shape. We are no longer in a state where we need massive stimulus policies to promote employment after the financial crisis. Yellen said.
If a large amount of money is invested in infrastructure construction now, our economy may go downhill. Once an economic shock occurs, the space for fiscal policy we can adopt will be sharply reduced. Yellen warned.
In other words, legislators should be prepared to prevent problems before they occur.
In other words, legislators should be prepared to prevent problems before they occur.
Trump made many rhetorical attacks on Yellen during the campaign. Yellen said that she would not resign as chairman just because Trump was elected. She would serve the Federal Reserve wholeheartedly. Will not leave the Fed before the expiration of the month.
Another focus of discussion in Congress is Trump’s criticism of the Dodd-Frank Act, the most stringent financial reform bill since the Great Depression, and the Consumer Protection Act, which have severely restricted lending activities and inhibited economic development.
In this regard, Yellen said that we have just experienced a devastating financial crisis. All Americans should attach great importance to the economic situation of the United States. We hope to achieve a safer and more sound economy through a series of supervision and regulatory measures. The financial system, I think Dodd-Frank, at least as it stands right now, got us to where we were supposed to be.
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