Remarks by Secretary of the Treasury Janet L. Yellen at the Institute of International Finance Annual Membership Meeting

As Prepared for Delivery Tim, thank you very much for your kind words. I am honored to receive the Institute of International Finance’s Distinguished Leadership and Service Award. And let me thank you as well for your leadership of IIF. Over the past few years, and no doubt informed by your own time at Treasury, IIF members have provided us with important perspectives on a wide range of key policy issues, strengthening our work. Here at home, and thanks to the Biden-Harris Administration’s economic agenda, the past year has been characterized by a combination of developments few thought possible. Inflation is significantly down while the unemployment rate remains near historic lows. Economic growth has been strong, bolstered by robust consumer spending and business investment.