Yellen says U.S. economy stronger than before pandemic but inflation a threat

Traveling to Detroit to tout the impact of recent legislative achievements ahead of congressional elections in November, including hundreds of billions of dollars of investments in semiconductors, research, health care, green energy and infrastructure, Yellen said combating inflation was the still the administration's "top economic priority."

Rouge electric vehicle plant in Dearborn, a city just outside of Detroit. "By any traditional metric, we have experienced one of the quickest economic recoveries in modern history."She said the recently passed CHIPS Act, Inflation Reduction Act and last year's infrastructure package would expand the U.S. economy's productive capacity and put Biden's goal of halving U.S.

"This includes closing loopholes and returning rates for high earners and corporations to historical norms," she said, indicating that the administration still wants to reverse the 2017 tax cuts enacted by former President Donald Trump and his fellow Republicans - an effort thwarted by Democrats' thin majority in Congress.

Biden's party is trying to maintain control of Congress in November, and Yellen's speech in Detroit, the birthplace of America's auto industry, is part of a month-long speaking tour to tout the economy's improvements.Yellen's remarks did not mention Biden's executive order to forgive up to $20,000 in student loan debt for individuals earning up to $125,000, or $250,000 for a married couple.

Source: Financial Digest (financialdigest.net)

Oh please. Janet 'It's just transitory inflation' Yellen has less credibility than the CDC, WHO, FDA, Biden, Fauci, and the CCP have after 2.5 years of China's Covid-19 bio weapon.

🌍 is 👀 ETHgate

She’s literally been wrong about every single thing she’s said since being Fed chair. lol

You spelled corporate profits wrong

Liberal nut.

Nope lol. No one forgets how good the economy was before democrats stomped their feet to get quarantines

She has no clue what she is talking about and has already been very wrong several times. Stop giving her air time. She is flat out lying for the sake of the election.

contradiction

“What inflation” USNatArchives

Is she still around.

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