[Former U.S. Treasury Secretary Yellen: Still Believes the Fed May Cut Rates This Year] Odaily Planet Daily News – Former U.S. Treasury Secretary Yellen stated that she still believes there is a possibility of the Federal Reserve cutting interest rates later this year. However, oil price fluctuations caused by the Iran war have cast a shadow over the outlook. Yellen remarked, 'This is essentially a broad supply shock, spreading from gasoline prices to liquefied natural gas, fertilizers, food, shipping costs, and even semiconductors.' Yellen noted that while the possibility of needing to raise interest rates cannot be ruled out, stable long-term inflation expectations suggest that such a scenario is unlikely at present. 'I think my guess is that there may be rate cuts implemented by the end of this year. I believe this is entirely possible and the most likely scenario. However, many things could happen.' (Jin10)