We certainly felt in December when we made our decision to raise rates that the economy was recovering, that inflation would move up, and it would likely be appropriate to gradually continue to raise rates, not to cut them.
Yellen explains the rationale behind the decision to raise interest rates.
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We share the objective that you have which is to rid ourselves of dependence on China.
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.
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.
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