Janet Yellen Signals End of Tenure, Plans Further Engagement with China
Treasury Secretary Yellen discusses her likely departure and upcoming meetings to address U.S.-China economic tensions.
- Yellen indicates she will likely step down after President Biden's term ends in January.
- She plans to meet with Chinese Vice Premier He Lifeng to manage economic relations.
- Yellen emphasizes the need for ongoing high-level discussions between the U.S. and China.
- The U.S. aims to address China's industrial overcapacity and other economic issues.
- Yellen believes the U.S. economy is stable, with solid consumer spending and low inflation.