Treasury Secretary Janet Yellen testifies during a House Ways and Means Committee hearing, Tuesday, April 30, 2024, on Capitol Hill in Washington. Yellen, in an address prepared for delivery Friday in Arizona, uses economic data to paint a picture of how disregard for America’s
Yellen acknowledges that democracy “doesn’t seem like typical terrain for a treasury secretary,” but she adds that “democracy is critical to building and sustaining a strong economy.” A copy of her speech was released in advance by her office.From overcapacity to TikTok, the issues covered during Janet Yellen’s trip to China“The argument made by authoritarians and their defenders that chipping away at democracy is a fair or even necessary trade for economic gains is deeply flawed,” she says.
Trump and those associated with him say they want to centralize the government’s powers within the Oval Office, such that he might subject people or companies that cross him to investigations, lawsuits and other penalties. That approach could undermine the rule of law that has enabled America’s market-based economy to thrive.
The Nobel Prize-winning economist Joseph Stiglitz, a friend of Yellen’s, last month published a book entitled “The Road to Freedom.” Stiglitz, in an interview, said Trump has preyed on people’s economic insecurities after decades of inequality and the erosion of the middle class.
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US Treasury Secretary Yellen in China to Address Industrial SubsidiesUS Treasury Secretary Janet Yellen arrived in China's Guangzhou Thursday for meetings to press Beijing over fears the country's industrial subsidies for green energy, cars and batteries could flood global markets with cheap goods.
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