Treasury Secretary Janet Yellen lauded President Joe Biden’s executive efforts to bolster the economy, claiming it has “proven more resilient than many had thought.”
As part of the Biden administration’s Investing in America tour, Yellen minimized the danger of a possible recession and said the U.S. is capable of reducing inflation without disrupting jobs. Her remarks came Friday in New Orleans, Louisiana, at solar energy company PosiGen.“For a year now, we have heard our fair share of predictions about an imminent U.S.
Secretary Yellen Gives Remarks on President Biden’s Investing in America Agenda at PosiGen in New Orleans, Louisiana https://t.co/WvjeKHTk4FYellen said business leaders have told her they are confident in the current state of the U.S. economy even as it slows down. Yellen spoke hours after the federal government released a report that showed inflation fell to a 3.8% annual rate in May, as previously reported by the Washington Examiner.
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