“After the progress we have made over the past few months, I am more optimistic about the course of our economy than I have been for quite a while and I know we are headed in the right direction,” Treasury Secretary Janet Yellen said.
After a production-line tour, Yellen promoted recent legislative successes for the Biden administration, saying: “After the progress we have made over the past few months, I am more optimistic about the course of our economy than I have been for quite a while and I know we are headed in the right direction.”
She pointed to the bipartisan infrastructure law, the CHIPS and Science Act and the “Inflation Reduction Act,” all passed and signed in the past year. The Treasury Department is responsible for managing a new $7,500 electric vehicle tax credit for qualifying, but the auto industry is warning that the vast majority of EV purchases won’t qualify for that much.
Yellen has more stops planned and will give a speech next month at the 157th anniversary of the Freedman’s Bank Forum to talk about how President Joe Biden’s economic agenda “advances equity and makes our economy stronger as a result.”
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