U.S. Treasury Secretary Janet Yellen on Thursday praised U.S. President Joe Biden for achieving a "remarkable economic recovery" and said second-quarter GDP and inflation data confirmed that the U.S. was on a path of "steady growth and declining inflation." Biden has restored America's place in the world, Yellen said. It was Yellen's first public address on the topic since Biden ended his campaign and endorsed Vice President Harris as his successor. "I am very proud to serve the American people with him and Vice President Harris, and I look forward to continuing to advance American leadership globally and deliver results for American families and businesses," Yellen said. She said that the strong growth of the U.S. economy since Biden and Harris took office, which has created 15.70 million jobs, is not accidental, but the result of the economic plan of the Biden and Harris administrations, which has helped keep the global economy resilient.