On the recordJanuary 18, 2021
But more must be done.
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congress.govBut more must be done.
Yellen emphasizes the need for additional actions to address economic challenges.
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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.
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.
We share the objective that you have which is to rid ourselves of dependence on China.
The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'