Yellen Forecasts Strong 2024 Economy, Criticizes Trump's Tax Cuts
The Treasury Secretary attributes continued economic growth to American workers and the Biden administration's strategy, while highlighting the need for more work on affordability issues.
- Treasury Secretary Janet Yellen predicts a strong economic year for 2024, dismissing fears of a recession.
- Yellen criticizes the Trump administration's tax cuts, claiming they added $2 trillion to the national deficit and did little to spur investment.
- Yellen highlights the Biden administration's economic strategy, attributing the continued growth of the economy to American workers and this strategy.
- The economy grew at an unexpectedly brisk 3.3% annual pace from October through December.
- Yellen suggests more needs to be done to tackle affordability issues, such as improving access to child care and housing.