Yellen to global finance leaders: Isolationism 'made America and the world worse off'

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 beforeTuesday by highlighting U.S. economic growth since the nation was in the grips of the COVID-19 pandemic.

The IMF expects the U.S. economy — the world’s largest — to expand 2.8% this year, down slightly from 2.9% in 2023 but an improvement on the 2.6% it had forecast for 2024 back in July. Growth in the United States has been led by strong consumer spending, fueled by healthy gains in inflation-adjusted wages.

Who wins the U.S. election will also have enormous impacts on global finance and the world’s economy.

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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.
Source: AP - 🏆 728. / 51 Read more »

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.
Source: ksatnews - 🏆 442. / 53 Read more »