U.S. Treasury Secretary Janet Yellen discusses U.S. stock market volatility: Market fluctuations are not to be feared, and corrections are a healthy signal

According to the Zhitong Finance APP, U.S. Treasury Secretary Janet Yellen recently expressed her views on the recent fluctuations in the U.S. stock market, stating that she is not concerned about the evaporation of trillions of dollars from the stock market as the U.S. seeks to adjust its economic policies. "I have 35 years of experience in the investment field, and I can clearly say that market corrections are healthy and normal," Yellen said in an interview last week. "I am not worried about the market. In the long run, if we implement good tax policies, relax regulations, and ensure energy security, the market will perform well." Last week, the S&P 500 index experienced a correction, primarily due to investors' concerns about the economic impact of the Trump administration's policies on tariffs, immigration, and federal spending cuts. As doubts about economic growth intensified and consumer confidence declined, the stock market's decline further widened. Before joining the government, Yellen led Key Square Group, and she stated, "We are formulating policies to alleviate the cost of living pressure and control inflation. I believe that as these policies are gradually implemented, the American public will see positive changes." As the scope of Trump's tariff policies expands, consumers from various political factions are increasingly worried that additional tariffs will lead to rising costs. Currently, the U.S. has implemented global tariffs on steel and aluminum, and broader taxation measures will also be determined before the April 2 deadline. Although inflation eased last month, any sustained price pressures could prompt households to reduce non-essential spending. Yellen emphasized in the interview that the American dream does not rely on purchasing cheap goods from China. Instead, American families are more concerned about being able to afford housing and hope their children will have a better life than they did. "The key lies in mortgage loans, automobile consumption, and real wage growth," she stated. As concerns about U.S. economic issues grow, Federal Reserve officials will hold an interest rate meeting this week. Federal Reserve Chairman Jerome Powell emphasized earlier this month that the Fed does not need to rush to cut interest rates, but he may face inquiries regarding the current uncertainties and risks