Janet Yellen: “It is very important that the Federal Reserve... be allowed to make independent policy decisions that are shielded from…”

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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

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