Secretary Yellen Is Off to Communist China

What credibility is she going to have at Beijing when fiscal and monetary policy in America are in disarray?

Anna Moneymaker/Getty Images
Secretary Yellen, April 20, 2023, at Washington, D.C. Anna Moneymaker/Getty Images

Our Treasury Secretary, Janet Yellen, is off Thursday to China, on a mission that even the administration doesn’t expect to be a success. Ms. Yellen once resisted before Congress the idea of  holding the Federal Reserve to even a voluntary, non-binding monetary guideline that the Fed would set itself. Now she seems intent on establishing some kind of rules in respect of how the communist party runs the world’s second biggest economy. 

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