Janet Yellen: “It is hard to say. Certainly, lending standards are much tighter than they were in the run-up to the financial crisis...”

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In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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