Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

— an indirect jab at Donald Trump. Yellen, in an address prepared for delivery Friday in Arizona, uses economic data to paint a picture of how disregard for America's democratic processes and institutions can cause economic stagnation for decades.

That approach could undermine the rule of law that has enabled America's market-based economy to thrive. In her speech, Yellen points to China as a cautionary example and warns that its future growth is “far from certain.” She says that the absence of some democratic pillars will 'continue to pose challenges as China navigates the transition to an advanced economy.

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