Biden official's criticism of Trump so strong that it 'led to an additional sell-off': CNN

Former treasury secretary Janet Yellen denounced president Donald Trump's tariffs and identified the reason she believes that he backed down from most of them.

The president's sweeping, so-called reciprocal tariffs went into effect Wednesday against global trading partners, but he pulled back most of them later that day as markets shuddered, and Yellen told CNN International that he paused the policy to avoid further damage to the U.S. economy.

"It caused highly leveraged hedge funds...