Former US Treasury Secretary Yellen: The risk of the US economy falling into recession is increasing

Former US Treasury Secretary Yellen stated on the 10th that the economic policy of the new US government is the "most severe self-harm" she has ever seen. Under policies such as additional tariffs, the risk of a recession in the US economy has increased. She said in an interview with CNN on the 10th that current tariff policies could increase annual spending for average American families by nearly $4,000. In addition to potentially negative impacts on consumer spending from tariffs, there are also significant uncertainties impacting the U.S. economy. Yellen asked, "Facing such great uncertainty, which company would make long-term investments?" Reductions in investment and consumer spending could likely trigger a recession. Yellen emphasized that apart from tariff policies, current administration's cuts to public service agencies like Social Security Administration and IRS and reductions to government programs like medical aid and food relief may harm low-income families' interests. These series of policies are highly "destructive".