U.S. Treasury Secretary Janet Yellen recently made a statement at a news conference, highlighting the strong economic growth in the United States that has been driving the global economy. She emphasized the fact that the U.S. labor market is currently in good shape and inflation has decreased significantly. However, Yellen acknowledged that there is still more work to be done to achieve sustainable growth on a global scale.
During her speech, Yellen expressed confidence in the continued support of the U.S. economy for global growth but also recognized 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 other countries to address short-term risks and promote long-term sustainable growth.
As part of her efforts to ensure ongoing efforts to mitigate risks and support sustainable growth on a global scale, Yellen will be attending upcoming spring meetings of the International Monetary Fund (IMF) and World Bank (WB). During these meetings, she will have discussions with officials from various countries including China, South Korea, Japan, and Britain.
In conclusion, U.S. Treasury Secretary Janet Yellen has highlighted the positive impact that strong economic growth has had on both the US and global economies while acknowledging that there is still much work to be done to achieve sustainable growth on a global scale. Her upcoming meetings with officials from various countries are aimed at ensuring ongoing efforts to mitigate risks and promote long-term sustainable growth on a global level.