Call it 'disruption' and not a 'financial crisis', says former Fed chair Yellen of ongoing global uncertainties

PARIS (June 29): Contrary to popular opinion, Janet L. Yellen does not see an impending financial crisis from the escalating trade tensions between the US and China, higher current asset valuations and volatility from diverging monetary policies.

In fact, the former US Federal Reserve chair thinks the current financial system is strong enough to withstand any shocks.

“I believe we are somewhat in better position to cope [with a financial crisis]. When you say financial crisis, let me say disruption,” she tells participants at the Amundi World Investment Forum 2018.

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