U.S. Treasury Secretary Janet Yellen spoke at a news conference about the stronger-than-expected U.S. economic growth that has been driving the global economy. She highlighted the good shape of the U.S. labor market and the significant decrease in inflation, but emphasized that there is still more progress to be made.
Yellen expressed confidence in the continued support of the U.S. economy for global growth, but also acknowledged that the global recovery has been uneven, with lingering risks. She noted President Biden’s commitment to ending American isolationism and emphasized the importance of engaging with the world to address short-term risks and promote long-term sustainable growth.
During her upcoming spring meetings with officials from various countries including China, South Korea, Japan, and Britain, Yellen will discuss these issues further and work towards ensuring ongoing efforts to mitigate risks and support sustainable growth on a global scale.
In summary, Yellen’s statement highlights the positive aspects of the U.S. economy while acknowledging that there is still work to be done in terms of promoting sustainable growth globally through engagement with other countries.
