Overview

• Yellen argues that a mix of public and private investments is essential for sustainable US growth.
• She criticizes China's excessive state subsidies, claiming they distort global markets and threaten US jobs.
• Yellen dismisses traditional supply-side economics, advocating for 'modern supply-side economics' that includes public infrastructure and workforce training.
• The US has recently imposed tariffs on various Chinese goods to counter perceived unfair trade practices.
• Both President Biden and former President Trump emphasize the importance of being tough on China in their economic strategies.