Federal Reserve Kashkari: Investors are withdrawing from the United States

According to a report by Golden Ten, the Federal Reserve's Kashkari stated on Friday that recent market trends indicate that investors are leaving the United States, the safest place to invest, as Trump's trade war escalates. He said that in recent days, as the yield of US treasury bond bonds has risen, the US dollar has depreciated against global currencies. The trend is contrary to what you usually see. Normally, when you see a significant increase in tariffs, I expect the US dollar to appreciate. I think the fact that the US dollar is falling at the same time makes the argument that investor preferences have changed more credible, "Kashkari said. He also said, "Investors around the world see the United States as the best place to invest, and if that's the case, we will have a trade deficit. Therefore, one way of showing it now is that the yield of various assets in the United States will decline." "If the trade deficit declines, investors may say, 'Okay, the United States is no longer the most attractive investment destination in the world, and then you will see bond yields rise.' However, Kashkari pointed out that what he sees is the 'pressure' in market operations, not serious chaos.