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Posted On: 08/14/2023 7:52:30 PM
Post# of 124257
Yellen says the U.S. economy is on track for stable growth thanks to Inflation Reduction Act boost
Exactly NONE of the Bills signed by Biden would have been drafted and signed by a GOP Congress and a reelected Trump. Which means we would be in deep recession by now, the ONLY thing the GOP knows how to create.
Source: CNBC
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.”
The Treasury chief touted the historic creation of over 13 million new jobs since President Joe Biden took office, recovery from record inflation and an unemployment rate comparable to the lowest in 54 years, as she spoke before the International Brotherhood of Electrical Workers 357 Training Center in Las Vegas.
She partly attributed the progress to “Bidenomics,” the term used to describe President Joe Biden’s economic growth strategy that includes the Bipartisan Infrastructure Law, the CHIPS and Science Act and the IRA, which was signed a year ago this week.
Read more: https://www.cnbc.com/2023/08/14/yellen-inflat...track.html
Exactly NONE of the Bills signed by Biden would have been drafted and signed by a GOP Congress and a reelected Trump. Which means we would be in deep recession by now, the ONLY thing the GOP knows how to create.
Source: CNBC
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.”
The Treasury chief touted the historic creation of over 13 million new jobs since President Joe Biden took office, recovery from record inflation and an unemployment rate comparable to the lowest in 54 years, as she spoke before the International Brotherhood of Electrical Workers 357 Training Center in Las Vegas.
She partly attributed the progress to “Bidenomics,” the term used to describe President Joe Biden’s economic growth strategy that includes the Bipartisan Infrastructure Law, the CHIPS and Science Act and the IRA, which was signed a year ago this week.
Read more: https://www.cnbc.com/2023/08/14/yellen-inflat...track.html
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