U.S. Secretary of the Treasury Janet L. Yellen participated in a roundtable lunch at Target headquarters with Target CEO Brian Cornell and other CEOs from the Minnesota area to discuss President Biden’s economic strategy and efforts to lower costs.
During the discussion, Secretary Yellen acknowledged actions by Target and other firms to reduce prices for commonly bought items such as milk, bread, and diapers.
Secretary Yellen addressed the state of the U.S. economy, which she described as strong and resilient following a historic economic recovery. She elaborated on the Biden Administration’s affordability agenda aimed at lowering costs for Americans and discussed President Biden’s broader economic vision for an economy that benefits American workers, families, and businesses.
She emphasized the importance of engagement and collaboration with the private sector. Recent areas of collaboration include workforce development, initiatives to spur growth in sectors like clean energy and semiconductors, and infrastructure improvements intended to enhance America’s competitiveness.
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