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Yield curve not reliable U.S. recession indicator -Trump adviser

Updated: 05-01-2019 02:41 IST
The U.S. Treasury yield curve is not currently a reliable recession indicator because quantitative easing has depressed yields on the long end of the curve, a top White House economic adviser said on Friday.

"When the yield curve inverts then that usually is a sign that there's a recession coming," Kevin Hassett, chairman of the White House Council of Economic Advisers, told CNBC. "But right now, I think the yield curve is a really difficult signal to read because the back end of the curve is still being impacted by quantitative easing."

(Reporting by Eric Beech; Writing by Tim Ahmann Editing by Leslie Adler)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)