As the Biden presidency enters its second year, Treasury Secretary Janet Yellen called the Commander-in-Chief’s economic policy a “remarkable success.”

During an interview with CNBC, Yellen lauded decreases in the unemployment rate while expressing hope for lower inflation.

“A year ago, if you go back to the challenges that we were facing, and the Federal Reserve was facing, unemployment was extremely high. We were all worried that we would be facing a situation like we had after 2008, when it took almost a decade to get back to full employment,” Yellen said. “I think it has to be viewed as a remarkable success that the unemployment has fallen the most in a year in American history.”