Yellen Criticizes Trump's Economic Policies Amid Inflation Concerns

U.S. Treasury Secretary Janet Yellen plans to warn that Donald Trump's proposed economic policies, particularly broad tariffs, could fuel inflation and damage U.S. businesses. Although she won't mention Trump by name, her critique highlights concerns over Trump's focus on tariffs and tax cuts in his 2024 presidential campaign.

U.S. Treasury Secretary Janet Yellen is set to deliver a pointed critique of former President Donald Trump's economic policies, according to the New York Times. Speaking to the Council on Foreign Relations, Yellen is expected to highlight the risks of Trump's broad tariffs on prices and business competitiveness.

While Yellen's address will not directly name Trump, her remarks underscore the tensions around his economic proposals, which include extensive tariffs and tax cuts. The critique aims to draw attention to the potential negative impacts on the U.S. economy.

Trump, defending his policies in a Bloomberg News interview, insists that his approach would bolster American manufacturing and address the deficit. However, Yellen argues that such sweeping tariffs could hurt American families and businesses.

(With inputs from agencies.)