"Yellen Highlights Strong US GDP and Economic Resilience"

Treasury Secretary Janet Yellen lauds the 3.3% GDP growth in Q4 2023, attributing it to President Biden's economic strategy and American workers. She hails the recovery as the "fairest on record," emphasizing relief from inflation and avoiding financial strain for most middle-class families. Yellen credits the administration's actions to alleviate supply chain shortages and curb price increases, including releasing oil from the Strategic Petroleum Reserve and capping Russian oil prices amid the Russia-Ukraine conflict. Additionally, she highlights the decline in energy prices, with gas now averaging $3.10 per gallon, down from its peak in June 2022.