Remarks by Secretary of the Treasury Janet L. Yellen at Ford Rouge Electric Vehicle Center

By Janet Yellen
Economic Change

Yellen framed the Biden administration’s economic agenda as a response to systemic vulnerabilities exposed by the pandemic and global shocks. She highlighted the Inflation Reduction Act, CHIPS Act, and Bipartisan Infrastructure Law as pillars of a ‘modern supply side economics’ approach – aimed at expanding productive capacity, reducing inequality, and enhancing resilience. Yellen emphasised the role of public investment in infrastructure, clean energy, and digital access as tools for long term growth, while acknowledging inflationary pressures and the need for targeted relief. Her speech positioned economic policy not just as recovery, but as structural renewal rooted in fairness and sustainability.

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