Remarks by Secretary of the Treasury Janet L. Yellen at the 2022 ‘Virtual Davos Agenda’ Hosted by the World Economic Forum
At this time of year, government officials, business executives, and thought leaders normally huddle in a small town in Switzerland to share perspectives on how to address the world’s biggest challenges. I hope to join you all in person in Davos in the coming years. In the meantime, the virtual nature of these meetings does not diminish the importance of the issues at hand.
We have all been living through the COVID-19 pandemic for roughly two years now. Policymakers, businesses large and small, and families alike have grappled with the uncertainty and unexpected twists of this ruthless pandemic and its associated economic disruption. At the same time, longstanding challenges persist, and some were exacerbated by a pandemic that disproportionately impacted low-wage workers and minorities. We still face growing divergence between rich and poor, within and between countries, along with the mounting risk of climate change. Our navigation of these health and economic challenges will be consequential: for ending the pandemic, for mitigating climate change, and for ensuring the stability and prosperity of our respective economies and the global economic system.
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