Janet Yellen: “This is one of the most critical issues facing our country and the world.”

He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

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.

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.'