Janet Yellen: This week’s IMF and World Bank meetings will be a ‘Bretton Woods’ moment for the global economy

Treasury Secretary Janet Yellen is prepared to build a new global economy from the ground up, a new, restructured world order. The former Federal Reserve chair, with a penchant for concise and precise language, is known for her disdain of hyperbole. It’s that aversion to alarmist rhetoric that lends significant weight to the wide-reaching plans she relayed in her first major address as a member of the Biden administration on Monday. “We must do better,” Yellen told Americans and a global audience in a 25-minute speech delivered from the Chicago Council on Global Affairs, ahead of the International Monetary Fund … (full story)

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