Yellen says threats to democracy risk US economic growth, an indirect jab at Trump
Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy
By Fatima Hussein And Josh Boak
Published - May 03, 2024, 06:33 AM ET
Last Updated - May 03, 2024, 06:33 AM EDT
WASHINGTON (AP) — Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy — an indirect jab at Donald Trump.
Yellen, taking a rare step toward to the political arena, never mentions Trump, the presumptive Republican presidential nominee, by name in her speech for the McCain Institute's Sedona Forum, but she hints at the former president's potential impact if he regains the White House.
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president's vision of achieving growth by slashing taxes and stripping away regulations.
