Yellen praises Biden's "remarkable" economic performance, says US is on track for a soft landing

Odaily News U.S. Treasury Secretary Janet Yellen on Thursday praised U.S. President Joe Biden for achieving a "remarkable economic recovery" and said second-quarter GDP and inflation data confirmed that the United States is on a path of "stable growth and falling inflation." Yellen said Biden has restored America's place in the world. This is the first time Yellen has spoken publicly on the topic since Biden ended his campaign and endorsed Vice President Harris as his successor. "I am very proud to serve the American people with him and Vice President Harris, and I look forward to continuing to advance America's global leadership and deliver results for American families and businesses," Yellen said. She said the strong growth of the U.S. economy, which has created 15.7 million jobs since Biden and Harris took office, is no accident, but the result of the Biden and Harris administration's economic plan, which has helped maintain the resilience of the global economy.