Yellen: Hopes Americans will gradually recognize improvements in their situation

<p>The US election is less than one year away and the Biden administration will be heavy on the "economy is good/ inflation is not that bad" rhetoric</p><p>U.S. Treasury Sec. (and former Fed chair Yellen) on the wires saying:</p><ul><li>Yellen advocates for lithium mining in the U.S., emphasizing the necessity of environmental responsibility.</li><li>She observes that the labor market is essentially at full employment and the economy continues to grow.</li><li>Yellen does not believe further drastic tightening of monetary policy is needed, expressing optimism for a soft economic landing.</li><li>She notes a significant decrease in inflation, with wage gains translating into more real income for individuals.</li><li>Yellen hopes Americans will gradually recognize improvements in their situation, acknowledging the lingering impact of recent tough times.</li><li>She believes that a longer-term investment strategy will positively influence people's optimism about the future direction of the economy.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.