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Yellen Says Americans Are ‘Better Off’ Despite Higher Price Inflation

The Treasury Secretary refutes the Republican argument that President Joe Biden is raising taxes.
Yellen Says Americans Are ‘Better Off’ Despite Higher Price Inflation
Treasury Secretary Janet Yellen speaks about goals for the 2024 tax filing season at the IRS headquarters in Washington on Nov. 7, 2023. Stefani Reynolds/AFP via Getty Images
Andrew Moran
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The American people are better off today despite rampant price inflation over the past few years, Treasury Secretary Janet Yellen told House lawmakers on April 30.

Ms. Yellen appeared before the House Ways and Means Committee to outline President Joe Biden’s 2025 budget and defend the administration’s economic record.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."