1.9T American Rescue Plan Saved U.S. From Economic Disaster Janet Yellen
“In some ways, the ARP acted like a vaccine for the American economy, protecting our recovery from the possibility of new variants,” Yellen said at the U.S. Conference of Mayors’ 90th winter meeting, according to a Treasury Department news release. “The protection wasn’t complete, but it was very strong – and it prevented communities from suffering the most severe economic effects of Omicron and Delta.” Yellen reflected on last January, when more Americans applied for unemployment than during the Great Recession, she said....