Yellen Foresees 'Soft Landing' for U.S. Economy, Touts Clean Energy Investments

Treasury Secretary highlights the impact of federal tax incentives on clean energy sector, contributing to strong employment and economic growth.

U.S. Treasury Secretary Janet Yellen believes the U.S. economy does not need further drastic monetary policy tightening to stamp out inflationary expectations and is on track to achieve a 'soft landing' with strong employment.
Yellen suggests that the Federal Reserve will not need to push as harshly in lowering inflation as it did in past instances when price rises ran out of control.
Yellen toured a lithium processing plant in North Carolina, touting the benefits of federal tax incentives on clean energy investments.
$614 billion worth of clean energy investments and manufacturing projects have been announced since the Biden administration took office in 2021, much of which Yellen attributes to tax credits in the 2022 Inflation Reduction Act.
Yellen states that these investments are creating well-paying, middle-class jobs for Americans across the country, contributing to current low rates of unemployment and ongoing economic growth.