Former Federal Reserve Chair, Janet L. Yellen, President-elect Joe Biden pick to be Treasury Secretary, speaks at the Queen in Wilmington, DE on December 1, 2020.
Demetrius Freeman | The Washington Post | Getty Images
U.S. Treasury Secretary Janet Yellen will tell U.S. lawmakers on Tuesday that she believes Americans will be met on the other side of the Covid-19 pandemic by a growing economy — and possibly full employment in 2022 — due to President Joe Biden’s coronavirus stimulus package.
Yellen said in testimony prepared for delivery to the U.S. House of Representatives Financial Services Committee that with passage of the $1.9 trillion American Rescue Plan Act, “I am confident that people will reach the other side of this pandemic with the foundations of their lives intact. And I believe they will be met there by a growing economy. In fact, I think we may see a return to full employment next year.”