Treasury Secretary Janet Yellen said the Inflation Reduction Act has put America on the right path 'from rapid recovery to stable growth.'
Treasury Secretary Janet Yellen said the Inflation Reduction Act has helped continue to strengthen the labor market.
Yellen said the Biden administration will focus on reducing inflation while "maintaining a healthy labor market." Yellen noted that U.S. companies have committed to more than $500 billion in manufacturing and clean energy investments since January 2021. US Treasury Secretary Janet Yellen attends an event on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023.WASHINGTON — Treasury Secretary Janet Yellen on Monday said the Inflation Reduction Act, the 2022 law that spurred major investments in infrastructure, manufacturing and climate goals, has propelled the U.S. economic recovery.
"Over the past year, our task has been to transition the economy from rapid recovery to stable growth," Yellen said. "Our path so far shows that we are on the right track, even as we remain vigilant about potential challenges and uncertainties."
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Yellen to tout 'explosion in U.S. factory construction' as she marks Inflation Reduction Act's anniversaryTreasury Secretary Yellen is set to talk up gains for U.S. manufacturing, as the Biden administration marks the Inflation Reduction Act's one-year anniversary.
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Inflation down, but Inflation Reduction Act doesn’t deserve creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it's increasingly clear that immediately curbing prices wasn't the point.
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Inflation is down, but the Inflation Reduction Act doesn't deserve creditWhile price increases have cooled over the past year — the inflation rate has dropped from 9% to 3.2% — most economists say little to none of the drop came from the law.
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Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act. As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point.
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Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the creditEven President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn&8…
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Yellen warns of risks of over-concentration of clean energy supply chainsThe United States is working to build resilient, diversified clean energy supply chains to protect its economic security, while guarding against the risks posed by over-concentration in a handful of countries, U.S. Treasury Secretary Janet Yellen said in remarks prepared for an event in Las Vegas on Monday.
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