Treasury Secretary Janet Yellen has issued an urgent warning about the threats to U.S. democracy and its potential impact on economic growth and financial stability. In a series of statements, Yellen emphasized that undermining democratic institutions could jeopardize the foundation of sustainable and inclusive economic growth, both in the U.S. and globally. She argued that protecting democracy is crucial for maintaining a strong economy, highlighting this point during her remarks at the McCain Institute 2024 Sedona Forum and in an op-ed for USA Today. Yellen's comments also indirectly addressed former President Donald Trump, suggesting that a fractured democracy could have destructive effects on the economy. Additionally, Yellen is visiting Arizona to make a case for President Biden's economic agenda.