Janet Yellen: “Americans can be confident that the FOMC has both the ability and the will to prevent 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.

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.

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

I definitely expect that we’re going to see them impact pricing.