Remarks by Secretary of the Treasury Janet L. Yellen at the American Bankers Association Annual Convention

As Prepared for DeliveryLet me start by thanking President Nichols for the invitation and for his leadership. I am very glad to have the opportunity to speak to all of you today.Over the past four years, we have forged a strong partnership to get American households and businesses the capital they need, expand economic opportunity, and support the resilience of our financial system. I’d like to speak about this collective work today, and there is no better place to start than to step back to reflect on our economic trajectory since the start of this Administration.When President Biden and Vice President Harris took office, thousands of Americans were dying each day from COVID-19. The unemployment rate was 50 percent higher than it is now. Today, by contrast, the U.S. economy is strong.