Janet Yellen: “China is America's most serious economic competitor.”

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.

President Biden has made it clear he would never support cuts in benefits to those individuals.

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