Janet Yellen: “I think in the early years after the financial crisis, fiscal policy provided considerable support to the recovery.”

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.

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.

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.