Janet Yellen

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.

The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'

I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

Corporate anonymity enables money laundering, drug trafficking, terrorism, and corruption.

I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

the tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.

We share the objective that you have which is to rid ourselves of dependence on China.

The Biden Administration has driven an historic economic recovery over the past three years.

He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?

The President has proposed in his most recent budget expanding the Child Tax Credit.

He has explicitly said that he will not agree to raise taxes for people making under $400,000.

I would certainly call a success.

The President has been very clear that no family earning less than $400,000 will face a tax hike.

President Biden has said he would oppose allowing tax cuts to expire for people making under $400,000.

We will respond to the letter, and I don't really have more to say about that.

In 2034, under our budget, I believe it would be around 45 trillion.

There will be a negotiation over what to do when these tax cuts expire.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

We need to enact policies to make sure that the debt stays sustainable and we are on a fiscally sustainable path.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

President Biden has made it clear he would never support cuts in benefits to those individuals.