Janet Yellen: “I think we were monitoring housing prices very carefully and became concerned certainly by 2005 that there might well be…”

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

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.

We share the objective that you have which is to rid ourselves of dependence on China.