Yellen: Bidenomics Driving Investment and Job Growth, US Economy on Right Track

Treasury Secretary Janet Yellen spoke in Nevada, highlighting the positive impact of President Biden's policies on job growth and competitiveness. Yellen emphasized the importance of the climate-focused Inflation Reduction Act (IRA) and its role in sparking an economic renaissance in communities that were previously left behind. Despite skepticism from some Americans, Yellen expressed optimism about the US economy, citing low unemployment and inflation rates. She also addressed potential risks from China's slowing growth, Russia's war in Ukraine, and climate change. Yellen discussed the IRA's impact on low-income communities and the goal of building a diversified clean-energy supply chain. Since the passage of the IRA, the private sector has announced over $110 billion in new clean-energy investments.