Janet Yellen: “We have seen that deflation is associated with very weak outcomes, economic outcomes, in the rare situations where it…”

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.

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

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

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