12/08/2021 | Press release | Distributed by Public on 12/08/2021 15:51
WASHINGTON - U.S. Secretary of the Treasury Janet L. Yellen met with the board of the Bank Policy Institute (BPI) today to discuss the state of the economy and the Biden-Harris economic agenda.
Secretary Yellen highlighted the progress of the economic recovery and discussed how the newly passed bipartisan infrastructure law will help increase long term economic growth and American competitiveness. She also stressed the importance of passing President Biden's Build Back Better Act to lower costs for families, boost labor force participation, and tackle vital issues, like climate change. In addition to listening to the perspectives of CEOs in attendance, she stressed the urgent need for Congress to raise or suspend the debt limit and noted the progress being made on Capitol Hill to protect the full faith and credit of the United States.
The participants also discussed the President's Working Group on Financial Markets' recent report on stablecoins and the need to put in place a regulatory framework for these digital assets.
The attendees included: