By Alessandra Galloni, David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. economic growth was likely stronger than suggested by weaker-than-expected data on first-quarter output and said the Biden administration was keeping all options open to respond to threats from China's excess industrial capacity.

Despite a weaker-than-expected first-quarter GDP reading, the US economy is “firing on all cylinders” and inflation is on a path toward a more normal level, US Treasury Secretary Janet Yellen said Thursday in an interview with Reuters.

The Biden administration is not taking anything off the table with regard to a potential response to China's industrial overcapacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen said on Thursday.