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Yellen pushes Biden economic plans in Michigan

9 September 2022
25432
2022-09-09 19:04

U.S Treasury Secretary Janet Yellen pressed the case for Democratic economic policies during a visit Thursday to Ford's Rouge electric vehicle assembly plant in Michigan, a battleground state in the November midterm elections.

Yellen’s visit to Detroit was part of a monthlong tour as well as a larger White House campaign to highlight new laws intended to repair the economy, boost computer chip manufacturing, lower prescription drug prices, expand clean energy and revamp the country’s infrastructure.

She pointed to the bipartisan infrastructure law, the CHIPS and Science Act and the “ Inflation Reduction Act, ” all passed and signed in the past year. At the Ford electric vehicle assembly plant in Dearborn, Yellen pointed to U.S. vulnerability to global supply shocks caused by climate change and other factors, and the need to embrace green technology. Addressing those challenges, she said, offers the prospects of new jobs.

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