Janet Yellen: “I think we have a much safer and sounder financial system than we had pre-crisis, but as I indicated, we need to do…”

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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

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.