Janet Yellen: “I would be concerned about capping it when we know the needs of the state and local governments alone come close to…”

I definitely expect that we’re going to see them impact pricing.

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.

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In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'