“If you try to solve a macro problem through tariffs, it's not going to work,” said Adam Posen, president of the Peterson Institute of International Economics, about the Trump administrations plans to rebalance the global economy.
“Especially with COVID … we’ve grown apart and misunderstandings have developed,” Yellen says. “It’s necessary to meet to discuss our differences openly.”
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.