Secretary of the Treasury Janet Yellen announced a new $100 million initiative to aid in the financing of affordable housing construction. , Yellen praised Biden’s economic efforts, calling the economy “strong and resilient, with robust economic growth in recent quarters. The labor market is remarkably healthy, with low unemployment rates, rising real wages, and a bigger share of working-age Americans in the workforce than before the pandemic.
The announcement came days before President Joe Biden faces off against former President Donald Trump in the first presidential debate, where inflation is likely to be a key point of contention.
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