new video loaded: Yellen Says Key to Economic Recovery Is in ‘Smart Policies’

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Yellen Says Key to Economic Recovery Is in ‘Smart Policies’

Treasury Secretary Janet L. Yellen testified to Congress on Wednesday about financial restoration in the wake of the coronavirus. Yellen promoted Biden’s insurance policies on paid household go away and schooling as one of the best ways to repair long-existing disparities.

When I took workplace again in January, the primary and most pressing downside confronting our economic system was clearly the pandemic, serving to folks make it to the opposite aspect of the disaster and making certain they have been met there by a strong restoration. Thanks to this Congress and its passage of the American Rescue Plan, I consider we’re properly on our method in direction of that purpose. But we now have to be clear-eyed about one thing: The pandemic was not our solely financial downside. The finances, which incorporates each the American Jobs and Families Plan, will restore the fractured foundations of our economic system. It does so by means of a sequence of good insurance policies, together with baby care and paid go away so extra dad and mom can be a part of the workforce, a mass modernization and greening of America’s infrastructure to spur commerce and cut back emissions, and funding to make housing and schooling accessible to all. And the listing goes on. We want to make these investments sooner or later, and now could be fiscally probably the most strategic time to make them.

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