Janet Yellen: “I think we gain and China gains from trade and investment that is as open as possible, and it would be disastrous for us…”

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 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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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