Janet Yellen: “I don't believe in chaining--that the Fed should chain itself to any mechanical rule.”

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.

President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'