Janet Yellen Highlights the Strength of the US Economy Under Biden's Leadership

United States Treasury Secretary Janet Yellen is set to commend the economic policies of outgoing President Joe Biden in her upcoming speech at the New York Association for Business Economics. Yellen will emphasize that despite the inherent tradeoffs in all policy decisions, Biden's sound decisions have significantly contributed to setting the economy on a robust course.

She will point out that the Biden administration's American Rescue Plan played a crucial role in mitigating the adverse effects of the COVID-19 pandemic on American citizens, helping them avoid significant hardships. Yellen is expected to highlight the strong jobs market and the decreasing unemployment rate as key factors that have prevented labor market scarring, underscoring the effectiveness of the administration's economic strategies.