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Yellen ‘Confident’ Omicron Won’t Derail Economic Recovery (1)

Jan. 19, 2022, 1:58 PM

Treasury Secretary Janet Yellen said she doesn’t expect the omicron variant of the coronavirus to disrupt the U.S. economic recovery.

“Yes, omicron has presented a challenge and will likely impact some of the data in the coming months,” Yellen said Wednesday in an address to the U.S. Conference of Mayors. “But I am confident it will not derail what has been one of the strongest periods of economic growth in a century.”

Yellen credited high vaccination rates in the U.S. and emergency spending by cities and states made possible by the Biden administration’s American Rescue Plan for preventing a more ...