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Janet Yellen faces critical choice for global economy, poor nations rocked by coronavirus

Janet Yellen faces critical choice for global economy, poor nations rocked by coronavirus Jeff Stein, David J. Lynch © Demetrius Freeman/The Washington Post Janet L. Yellen, former Fed chair and Biden s pick to lead the Treasury Department, speaks in Wilmington on Dec. 1. An International Monetary Fund proposal to approve emergency financial backing for nations reeling from the devastating economic impact of the coronavirus has the support of the overwhelming majority of its 189 member countries. But for months, the initiative has been blocked almost single-handedly by the Trump administration, which has used effective U.S. veto power over IMF decisions to reject the international consensus.

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