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Yellen Unveils Twist on Reagan in ‘Modern Supply-Side Economics’

  • Treasury secretary comments in speech to virtual Davos
  • Yellen says Build Back Better isn’t a ‘Keynesian’ approach
Janet Yellen speaks during the U.S. Conference of Mayors winter meeting in Washington, on Jan. 19.

Janet Yellen speaks during the U.S. Conference of Mayors winter meeting in Washington, on Jan. 19.

Photographer: Eric Lee/Bloomberg
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Treasury Secretary Janet Yellen offered a fresh description of the Biden administration’s economic policy approach Friday, casting it as one that borrows from -- but improves upon -- the Ronald Reagan-era conservative emphasis on supply-side economics.