Janet Yellen: “The President's budget doesn't contain a penny of new taxes on any individual earning under $400,000, or small business…”

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

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 will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.