Yellen says U.S. economic performance 'vindicates' heavy COVID-era spending

Credit: REUTERS/KEVIN LAMARQUE

By contrast, the recovery after the 2008-2009 financial crisis was slow and painful, with higher unemployment.

"Workers and families faced unemployment and economic hardship for too long, and it created scarring for a generation of American workers," Yellen said.

(Reporting by David Lawder; Editing by Chizu Nomiyama)

((David.Lawder@tr.com; +1 202 843 6288;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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