Yellen Says Isolationism "Made Us And The World Worse Off"

Treasury Secretary Janet Yellen told global financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, making a veiled criticism of former President Donald Trump’s policies just two weeks before the U.S. election, Fatima Hussein reported for the Associated Press (AP).

The meetings mark the last major international finance gathering of the Biden administration, taking place as economic issues remain a top concern for American voters. I Photo: Secretary Janet Yellen X

Yellen opened the IMF and World Bank annual meetings on Tuesday by emphasizing the U.S. economic recovery since the COVID-19 pandemic.

Without directly naming Trump, Yellen said in an advance draft of her remarks that the Biden administration ended a period of international isolationism that "made America and the world worse off."

“We went from millions having lost their jobs to a historic labor market recovery,” Yellen said. She added that U.S. economic growth has been “almost twice as fast as most other advanced economies this year and last, even as inflation came down sooner.”

The meetings mark the last major international finance gathering of the Biden administration, taking place as economic issues remain a top concern for American voters.

Republicans have criticized the Biden-Harris administration for inflation that reached a 40-year high before decreasing. Trump stated in a September debate that the administration had “destroyed the economy.”