"U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration's economic agenda as "modern supply side economics" that seeks more labor supply, better infrastructure, education and research to boost potential U.S. growth and ease inflationary pressures. In remarks to a World Economic Forum virtual session, Yellen said she sees the new strategy as superior to the traditional definition of supply side economics championed by Republicans, which prioritized tax cuts and aggressive deregulation."