Janet Yellen: “Get the pandemic under control, and economic recovery will follow.”

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.

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

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

The tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.