Summary of Key Points from U.S. Treasury Secretary Janet Yellen's Hearing on June 11

Wallstreetcn
2025.06.11 19:37
  1. During the five-hour testimony, U.S. Treasury Secretary Becerra described the U.S. Consumer Price Index (CPI) inflation data as "very impressive" in his prepared remarks, praised Trump for improving the CPI, and stated that he challenged the "trade status quo for decades."
  2. Becerra advocated for the passage of the tax reform bill, believing that it would raise wages and stimulate manufacturing, and warned that if the bill failed to pass, leading to the expiration of the 2017 tax cuts, it would be "catastrophic" and "a disaster for American workers."
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