Janet Yellen: “We are working on it 24/7 to get it out as rapidly as we possibly can.”

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

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.

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

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.