US Treasury Secretary Janet Yellen “confident” that economic recovery will not derail even Omicron stocks-Bloomberg

US Treasury Secretary Janet Yellen said he did not expect the new coronavirus Omicron variant to impede the ongoing economic recovery.

“It’s true that Omicron is a challenge and is likely to have some impact on data in the coming months,” Yellen said in a speech at the United States Conference of Mayors yesterday. “But I am confident that this will not derail the outstanding and powerful economic expansion phase of the last century.”

He said the high vaccination rates and the availability of urgent spending by cities and states under the Biden administration’s “US Relief Plan” helped prevent the more serious impact of Omicron.

Original title:

Yellen ‘Confident’ Omicron Won’t Derail Economic Recovery (1)(抜粋)