Janet Yellen: “It is clear that what has separated us from that counterfactual are the bold relief measures Congress has enacted during…”

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.

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