Yellen says Biden’s policies help US middle class more than Trump’s

U.S. Treasury Secretary Janet Yellen on Thursday drew a stark contrast between President Joe Biden’s economic policies and those of former President Donald Trump, saying that Biden’s approach has produced the “fairest recovery on record” and will reap more benefits for the middle-class.
Two days after Trump tightened his grip on the Republican 2024 presidential nomination with a comfortable victory in the New Hampshire primary election, Yellen sought to turn the tide in Chicago on low voter approval ratings for Biden’s handling of the economy, declaring that incomes were now outpacing inflation, which is declining.
A new Reuters-Ipsos poll taken from Monday to Wednesday shows the Democratic president trailing Trump by six percentage points in a hypothetical matchup next November amid widespread voter apathy toward both candidates.
Yellen told the Economic Club of Chicago that improving signals from the economy, including stronger-than-expected GDP data on Thursday, showed that recession fears were over, inflation was subsiding, and middle-class job opportunities were rising, thanks to Biden’s infrastructure and clean energy investments.
“I think Americans do believe inflation is under control,” Yellen said. “I think if inflation remains low and the labor market remains strong, so people feel good about their job prospects, you’ll see sentiment improve.”