Janet Yellen, the former chair of the Federal Reserve, said Monday the recent triggering of a recession indicator in the U.S. bond markets could signal the need for an interest rate cut and not a prolonged economic downturn. Stocks tumbled Friday after an inversion of the so-called yield curve in the U.S. bond markets. This occurs when short-term rates surpass their longer-term counterparts, which hurts bank lending profits and is considered a warning sign of recession. Yellen, who led the Fed from 2014 to 2018, was asked at a Hong Kong conference about the yield curve inversion and whether it signals a looming ... (full story)