Overview

• Treasury Secretary Janet Yellen predicts a strong economic year for 2024, dismissing fears of a recession.
• Yellen criticizes the Trump administration's tax cuts, claiming they added $2 trillion to the national deficit and did little to spur investment.
• Yellen highlights the Biden administration's economic strategy, attributing the continued growth of the economy to American workers and this strategy.
• The economy grew at an unexpectedly brisk 3.3% annual pace from October through December.
• Yellen suggests more needs to be done to tackle affordability issues, such as improving access to child care and housing.