Janet Yellen: “So like Governor Tarullo, I would be open to a modest increase in the threshold.”

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.

I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

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

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.