How to force VSCode to use locally installed TypeScript

Question

Is there a way to force Visual Studio Code to use the TypeScript installed locally in a JS project (instead of the version bundled with VSCode, or the version installed glob

Answer 1

Shaun Luttins answer worked for me except for one detail: Using Version 1.31.1 of Visual Studio Code file settings.json only works if placed directly in the root folder of the workspace, not in folder .vscode.