Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Ahead of the 2024 Annual Meetings of the International Monetary Fund and World Bank

As Prepared for Delivery Let me thank the IMF and the World Bank for hosting these meetings and all of you for attending today. I’d like to start by stepping back and speaking about how far we’ve come. Three years ago when I attended my first Annual Meetings as Treasury Secretary, the COVID-19 pandemic was raging. Many of the events were virtual. The IMF had just revised downward its projections for global economic growth due to continued supply chain disruptions and new COVID variants. Today, the situation is very different. Though progress across economies has been uneven, the global economy has proven resilient. America’s strong economic performance is leading the way as a key engine of global growth. At home, thanks to the Biden-Harris Administration’s economic agenda, we went from millions having lost their jobs to a historic labor market recovery.