Remarks by Assistant Secretary for Economic Policy (P.D.O) Eric Van Nostrand on Economic Impact of the Inflation Reduction Act

As prepared for deliveryThank you for having me, and thank you all for participating in TACRE. I am Treasury’s Chief Economist, so I spend a lot of time at conferences focused on aggregated economic statistics, macro data, and trying to find the most efficient way to grow GDP. But I especially love coming to TACRE because this talented group reminds us that Treasury’s economic goals are not just about aggregate statistics: they are about ensuring that our economy grows in an inclusive manner that taps the diverse talents of Americans from the widest range of backgrounds.I’m excited to speak with you today about one important example of those efforts: President Biden’s Inflation Reduction Act (IRA).