Janet Yellen: “I am hopeful China will decide it is in their interests to join this agreement, but I do pledge that this is not an…”

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.

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

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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