Yellen Endorses Harris, Emphasizes U.S. Leadership and Economic Continuity

U.S. Treasury Secretary Janet Yellen endorsed Vice President Kamala Harris, noting her alignment with President Joe Biden's values on global and economic issues. Yellen highlighted Harris's understanding of economic challenges, her support for multilateralism, and the importance of maintaining current international policies. Yellen also discussed the potential negative impacts of reversing these policies.

U.S. Treasury Secretary Janet Yellen expressed strong support for Vice President Kamala Harris, emphasizing her alignment with President Joe Biden's values on global and economic matters. Yellen pointed out Harris's deep understanding of economic issues, ranging from inflation control to job creation, during a press conference in Brazil at the G20 finance leaders meeting.

Yellen highlighted Harris's crucial role in restoring U.S. leadership on the international stage and underscored the administration's commitment to multilateralism. She stressed that reversing global initiatives, such as climate policy and international tax cooperation, would harm both the global economy and America's standing. Yellen also warned of the risks tied to reducing support for Ukraine.

The treasury secretary praised Biden's economic policies for fostering strong U.S. economic growth and creating millions of jobs. On Brazil's proposal for a global billionaire tax, Yellen expressed support for progressive taxation but cautioned against attempting a global agreement. She reiterated concerns about China's state-led economic model, considering it a threat to global economic stability.

(With inputs from agencies.)