In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN.
“Our economic agenda is far from finished. There’s much more the President and I would like to do to support the middle class,” Yellen plans to say during the speech at the Economic Club of Chicago.
Treasury officials have billed the speech as one of the most significant Yellen plans to deliver this year and an effort to set the tone for her domestic agenda during 2024.
Yellen plans to balance the Biden administration taking credit for the economic recovery from Covid-19 with acknowledging that many Americans are frustrated with how expensive it is to buy a house, raise children and save money for college.
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just another propaganda article for biden
not supporting trump
and not allowed to vote either
There’s much more the President and I would like to do to support the middle class,” Yellen plans to say during the speech at the Economic Club of Chicago.
like what and will this be dependent on if we vote biden in a second time and is there a middle class left to help?
“Costs are still high,” Biden said, “but inflation continues to fall, and mortgage rates are falling — they’re going to fall more.”
where is he living?
To make her point that Biden policies have significantly helped the middle class, Yellen will point to the record spike in median household wealth between 2019 and 2022, an increase in inflation-adjusted wages above pre-Covid levels and the rising purchasing power of consumers.
his promise of raising the $7.25 federal minimum wage sure helped and even if he had lived up to that promise he would still let states decide what to do with it
“Though some forecasters thought a recession last year was inevitable, President Biden and I did not,” Yellen will say. “Instead of contracting, the economy has continued to grow, driven by American workers and President Biden’s economic strategy.”
on worker’s backs that he made sure had less workers rights with no protesting allowed no less and no wage increases
Consumer sentiment has increased to the highest level since July 2021, according to the University of Michigan. By this metric, sentiment has surged 29% in the span of two months — the biggest such increase since 1991 as that recession ended.
where do these numbers come from and do these people go outside at all?
“Costs are still high,” Biden said, “but inflation continues to fall, and mortgage rates are falling — they’re going to fall more.”
According to the US Department of Housing and Urban Development, in 2019 there were 43.6 million rent-based households in America. I tried looking up the percentage but it was all over the place depending on the source, my point is mortgages are a poor indicator when rent is through the roof and actively keep first time home buyers from saving a down payment.
thank you for expanding on this
Congrats, this is the longest of the unhinged and divorced-from-reality comments I’ve read today.
