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U.S. DEPARTMENT OF THE TREASURY
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting
with the Greater Cleveland Partnership
October 27, 2022

WASHINGTON- U.S. Secretary of the Treasury Janet L. Yellen met today with Northeast Ohio
business and community leaders at a roundtable organized by the Greater Cleveland
Partnership. During the roundtable, Secretary Yellen was also joined by Cleveland Mayor Justin
Bibb. Secretary Yellen discussed President Joe Biden’s economic plan, and in particular the
historic investments that the Biden Administration is making in strengthening American
manufacturing. She discussed how the Bipartisan Infrastructure Law, the CHIPS Act and the
Inflation Reduction Act are building and modernizing our nation’s physical and digital
infrastructure, growing semiconductor manufacturing here at home and investing in clean
energy, which will bolster America’s leadership in the industries of the future for years to come.
The Secretary noted recent investments by major manufacturers that will substantially increase
their presence in Ohio, including Ford, GM, Intel, Honda and LG. The participants discussed
current challenges in the economy and the Secretary underscored the need to bring down
inflation. Secretary Yellen highlighted the historic progress that the Administration has made in
putting working families on surer footing over the past two years.

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