U.S. Treasury's Yellen Emphasizes Strength in Consumer and Investment Spending, Robust Growth, Fed's Inflation Concerns

U.S. Treasury Secretary Janet Yellen, in various statements, highlights the strength in consumer and investment spending as shown by GDP data. She emphasizes robust growth in the U.S. economy, with core drivers of economic activity exhibiting considerable strength. Yellen dismisses concerns of the U.S. economy being overheated and mentions the Fed's need for further evidence of a sustainable decline in inflation. Additionally, she underscores the Fed's focus on the U.S. economy despite wanting global prosperity.