Janet Yellen: “You did say that you did not see a $1 trillion balance sheet again.”

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.

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

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.

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