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Yellen says current US economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending

January 17, 2024

Treasury Secretary Janet Yellen is pushing back against Republican criticism of the Democrats’ big coronavirus pandemic response package and making an election year pitch that the current state of the U.S. “vindicates” the steps taken in 2021 to “get our economy back on track.”

With falling inflation, unemployment at 3.7% and the U.S. apparently defying predictions of a recession, Yellen was set to defend the $1.9 trillion American Rescue Plan in remarks prepared for delivery Wednesday at a U.S. Conference of Mayors meeting in Washington, D.C.

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