Janet Yellen: “I think oversight is very important, and I pledge to work with this committee and the oversight groups.”

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.

We share the objective that you have which is to rid ourselves of dependence on China.

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

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