© Reuters. U.S. Treasury Secretary Janet Yellen delivers a speech during a visit to the Lithium Conversion plant of U.S. lithium producer Albemarle, in La Negra, Antofagasta, Chile, March 2, 2024. REUTERS/Cristian Rudolffi
WASHINGTON (Reuters) – U.S. President Joe Biden’s proposed tax credit for certain home buyers could help boost the nation’s housing supply and make homes more affordable, Treasury Secretary Janet Yellen said on Friday, a day after the president unveiled the proposal amid his annual State of the Union speech.
Yellen, in an interview on MSNBC, also said that she did not see evidence of inflationary wage pressures building in Friday’s jobs data.