Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

Keep your drink cold longer with these tumblers. See more Insider Deals here.An attendee poses for a photograph in front of a sign advertising the annual meetings of the International Monetary Fund and the World Bank Group , which started in Washington on Monday, Oct. 21, 2024.

The meetings mark the last major international finance gathering held during the Biden administration and comes as economic issues are a top concern for American voters. Republicans have blamed the Biden-Harris administration for inflation that reached a 40-year high before dropping. Trump said at a September debate that the administration “destroyed the economy."

Trump and Harris have spoken little about their plans for the International Monetary Fund and the World Bank. But they have differing views on trade, tariffs and other economic issues. Trump has been skeptical of world financial bodies and is promising heavy tariffs if elected. Harris is more likely to continue the Biden administration approach favoring international cooperation over threats, though she has supported some tariffs.

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Yellen says isolationism 'made America and the world worse off' in speech to global finance leadersTreasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election.
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