Posted 1/17/2024, 12:41:00 PM
Biden's COVID Package Vindicated by Economy, Yellen Says
- Yellen defending Biden's COVID stimulus package, says US economy now "vindicates" their approach
- Unemployment at 3.7%, inflation falling, economic growth defying recession predictions
- Yellen to argue at mayors' conference that rescue plan benefited states and local governments
- Wage gains being shared, including by less educated and younger workers
- Fed official Waller increasingly confident inflation will continue falling back to 2% target