-
Testimony of Secretary Yellen Before the Committee on Finance, U.S. Senate
Over the past three years, the Biden Administration has driven a historic economic recovery. GDP growth is strong, inflation has come down significantly, and the labor market is remarkably healthy. Real wages and household median wealth have increased since before the pandemic. Families are putting their additional income and accumulated savings back into the economy, and we see many signs of optimism, from a record 16 million small business filings under this Administration to improved consumer sentiment over the past three months. President Biden and I recognize that many American families still face challenges ... (full story)