Headline: Yellen: The Biden Administration Ends Era of International Isolationism Worsening America and the World

U.S. Treasury Secretary Janet Yellen addressed world financial leaders, attributing the strengthening of the U.S. economy to the Biden administration’s rejection of isolationism, indirectly critiquing former President Donald Trump's policies two weeks before the U.S. elections. As she inaugurated the annual meetings of the IMF and World Bank, Yellen highlighted the economic growth of the United States since the period gripped by the COVID-19 pandemic. Without directly mentioning Trump, she noted in her speech draft that the Biden administration ended an era of international isolationism that "compounded America's and the world's challenges." Yellen stated, "We have transitioned from historic job losses to a remarkable labor market recovery."

She remarked that U.S. economic growth has been nearly twice as fast this year and last as that of most other developed economies, even as inflation decreased earlier. Referring to Trump's approach to international leadership, Yellen said, "From day one, we rejected the isolationism that left America and the world worse off, instead pursuing global economic leadership that supports economies worldwide and delivers substantial benefits to the American people and the U.S. economy."