On the recordNovember 29, 2021
Our economic recovery is on track. We are averaging half-a-million new jobs per month since January, and GDP now exceeds its prepandemic levels.
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congress.govOur economic recovery is on track. We are averaging half-a-million new jobs per month since January, and GDP now exceeds its prepandemic levels.
Yellen highlights positive economic recovery indicators.
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More from Janet Yellen
I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.
I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.
We share the objective that you have which is to rid ourselves of dependence on China.