Infighting has begun! Yellen questions the rate cuts— is U.S. policy about to change? Just now, a major signal was overlooked by many: former U.S. Treasury Secretary Yellen directly pointed out that the Federal Reserve chair nominee, Kevin·Walsh, on the matter of “supporting rate cuts”—what does that mean? It’s simple: even within their own ranks, they’re starting not to believe the “rate cuts” narrative anymore.