Janet Yellen: “This is an approach to monetary policy that severely threatens the independence of the Federal Reserve.”

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.

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

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.