U.S. Treasury Secretary Yellen: The U.S. Remains the Top Destination for Global Capital, Expects Trump Policies to Boost GDP to 3% Next Year

BlockBeats News, May 6th, at the Milken Institute Global Conference, U.S. Treasury Secretary Yellen stated that the United States remains the top destination for global capital. She expects that through the Trump administration's tax cuts, deregulation, and other policies, the U.S. GDP is poised to reach a 3% growth rate next year.

Yellen emphasized that although current negotiations with trading partners are "not always pleasant," they will ultimately strengthen trade relations, and the government is "very close" to reaching some trade agreements. She also stated that she will monitor the 10-year U.S. Treasury bond yield and work to mitigate the U.S. government's credit risk. (FX168)