Janet Yellen: “The failure to raise the debt ceiling would cause an economic and financial catastrophe.”

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

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.

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 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.