Treasury secretary to push 'historic' economy, hopes to improve image
Newsy
An overwhelming majority of Americans think the economy is headed in the wrong direction. The Biden administration is trying to change perceptions.
The Biden administration is hoping to flip the script on what voters see as a poor economic outlook which they blame on the president.
The administration is dispatching Treasury Secretary Janet Yellen to the Midwest on Thursday for an offensive swing to try to convince Americans that the economy is doing well while also drawing a contrast between the economies of former President Donald Trump and President Joe Biden.
She is expected to deliver remarks in Chicago Thursday afternoon. The White House shared excerpts of her speech with Scripps News.
“Though some forecasters thought a recession last year was inevitable, President Biden and I did not. Instead of contracting, the economy has continued to grow, driven by American workers and President Biden’s economic strategy. It now produces far more goods and services than it did before the pandemic,” Yellen is expected to say in prepared remarks.
Whether her remarks resonate with Americans in 2024 remains to be seen. A Gallup Poll taken in December showed that 68% of Americans believe the economy is getting worse, which is compared to 28% of Americans who believe the economy is getting better.
