(Finance) – The US Treasury Secretary Janet Yellen she said to herself optimistic about the US economic recovery, as inflation is expected to decline over the course of 2022 and growth to be significant over the long term. “The US job market is exceptionally strong – he said in a speech at the visual edition of the World Economic Forum – Last year, more than 6 million jobs were added and the unemployment rate is again below 4%. “Yellen recalled the high percentage. of workers leaving their jobs and that, historically, when resignations have been high, “workers have moved to the jobs they prefer: for higher wages and better working conditions”.
The Biden administration component acknowledged that recovery from the pandemic comes with challenges. Yellen stressed that “thejob offer has yet to return to pre-pandemic levels “,” theinflation it is a valid political concern and has risen to levels not seen since the 1980s “and” i bottlenecks associated with the supply chain are increasing costs and holding back the production of cars and other key products. “
On the inflation front, the US Treasury Secretary said “it is important to note that forecasters think that inflation will decline substantially next year“.” Part of this view is likely driven by the expectation that the Federal Reserve will continue to heed these pressures as it fulfills its dual mandate, “he added.” And as President Biden has pointed out several times, the administration continues to tirelessly seek ways to alleviate these pressures through actions such as easing congestion in our ports and expanding the supply of labor “.