Yellen praises Biden's "remarkable" economic performance, says US is on track for a soft landing

US Treasury Secretary Yellen praised President Biden for achieving a "significant economic recovery" on Thursday, and said that second-quarter GDP and inflation data confirmed that the United States is on the path of "stable growth and declining inflation". Yellen said that Biden has restored America's position in the world. This is Yellen's first public speech on this topic since Biden ended his campaign and supported Vice President Harris as his successor. Yellen said, "I am very proud to serve the American people with him and Vice President Harris, and I look forward to continuing to promote America's leadership position in the world and bring results to American families and businesses." She said that since Biden and Harris took office, the strong economic growth of the United States has created 15.7 million jobs, which is not accidental, but the result of the economic plan of the Biden and Harris administration, which helps to maintain the resilience of the global economy.