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

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 ...