- Ronaldo scores 133rd Portugal goal in Nations League win over Poland
- 40 nations contributing to UN Lebanon peacekeeping force condemn 'attacks'
- Eight dead as heavy rain thrashes Brazil after long drought
- Jewish school in Canada hit by gunfire for second time
- Morocco crush Central African Republic, Guirassy scores hat-trick
- Dupont scores quickfire hat-trick on Toulouse Top 14 return
- Ronaldo scores in Portugal's Nations League win as Spain sink Denmark
- Interim boss Carsley has not applied for England job
- Mets hurler Senga ready to take on Dodgers in game one of NL Championship Series
- Ronaldo on target again as Portugal defeat Poland in Nations League
- Guardians rip Tigers 7-3 to advance in MLB playoffs
- AFP, BBC win top French war reporting awards
- Carsley goes back to basics as humbled England face Finland
- Alex Salmond: the man who took Scotland to the brink of independence
- Scotland's former leader Alex Salmond dies aged 69: party
- UN warns of catastrophe as Israel fights a two-front war
- Croatia extend Scotland's losing streak
- South Africa, New Zealand boost T20 World Cup semi-final hopes
- 'Very challenging': Israel faces Hezbollah in tricky terrain
- Farrell begins to feel at home as Racing 92 beat Toulon
- South Africa boost T20 World Cup semi-final hopes with Bangladesh win
- Samson ton powers India to T20 series sweep after record total
- Djokovic to face Sinner in Shanghai final with 100th title in sight
- UN peacekeepers to remain in Lebanon: spokesman
- Pro-Conquest film fuels debate in Mexico over colonial legacy
- Samson ton powers India to record 297-6 in Bangladesh T20
- New Zealand enjoy perfect start to America's Cup defence over Britain
- Pogacar emulates icon Coppi with fourth straight Il Lombardia triumph
- UN warns against 'catastrophic' regional conflict
- New Zealand crush Ineos Britannia in America's Cup opener
- Djokovic to face Sinner in blockbuster Shanghai Masters final
- With medical report Harris seeks to play health card against Trump
- Sri Lanka seeks to match success in W.Indies T20s
- Sinner reaches Shanghai final, will end year number one
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Sabalenka downs Gauff in three sets to reach Wuhan final
- Israel warns south Lebanon residents to 'not return'
- Sinner tames Machac to reach Shanghai Masters final
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- Hezbollah fires at Israel as wars rage on Yom Kippur
- Analysts warn more detail needed on new China economic measures
- China tees up fresh spending to boost ailing economy
- China says will issue special bonds to boost ailing economy
- China offers $325 bn in fiscal stimulus for ailing economy
- Dodgers drop Padres 2-0 to advance in MLB playoffs
- Alexei Navalny wrote he knew he would die in prison in new memoir
- Last-minute legal ruling allows betting on US election
- Despite hurricanes, Floridians refuse to leave 'paradise'
Yellen touts Biden economic wins as 2024 campaign ramps up
US Treasury Secretary Janet Yellen on Thursday lauded the economic gains made under President Joe Biden, as the Democrat leader's reelection campaign revs up -- and his team seeks to show he has done more for the country than Donald Trump.
Yellen's comments come just days after Trump won the New Hampshire primary, making a 2024 rematch with Biden almost certain.
As the campaign moves into a new phase, Biden's top economic officials have been emphasizing the benefits of his agenda, including investments from the Bipartisan Infrastructure Law and Inflation Reduction Act.
"None of these policies are aiming to recreate an earlier era. This country and the world have changed and we cannot go back," Yellen told the Economic Club of Chicago, stopping short of mentioning Trump's trademark "Make America Great Again" slogan.
"What we need is a new future rooted in upgraded infrastructure and a modern tax system, fueled by 21st century industries, and with the middle class at its center," she said, claiming Biden's administration is "building the foundations of that future."
- 'Fairest recovery on record' -
Yellen told reporters Wednesday ahead of her Chicago visit that Biden is "focused on tax fairness," discussing his agenda in a potential second term.
Looking ahead, he would seek to ensure tax cuts disappear for corporations, she said, speaking about parts of a Trump-era package due to expire next year.
"We're not negotiating new tax breaks for wealthy individuals," she added, noting that the president also plans to retain cuts for those making less than $400,000 a year.
Biden has struggled to win over Americans on his handling of the economy, but Yellen stressed in Chicago that authorities managed to defy recession predictions last year.
"At the same time, inflation has come down significantly," she said.
With rising wages, low unemployment and a robust labor market, Yellen argued that "middle-class Americans now have more purchasing power."
"Put simply, it's been the fairest recovery on record," she said.
She conceded however that "work is far from done," with prices of key goods still too high.
Answering questions after her speech, Yellen said she believes "inflation is coming well under control."
"People are getting ahead. They're seeing their fortunes improve," she added. "I believe that if inflation stays low, they'll begin to regain their confidence in the economy."
Biden's top economic advisor Lael Brainard, who heads the National Economic Council, also made a case on Monday for "place-based" policies in Biden's economic approach.
She laid out a strategy of investing in "left behind" communities and encouraging business involvement in neglected areas to revitalize the world's biggest economy.
P.M.Smith--AMWN