I think it is important for Congress to recognize that as the economy recovers and both short- and long-term rates move up, a situation in which the Government's funding costs remain as low as they are, if we are successful in achieving our goal of getting the economy back on track, this is a very temporary situation.
Yellen emphasizes the temporary nature of low government funding costs during economic recovery.
Share
More from Janet Yellen
We share the objective that you have which is to rid ourselves of dependence on China.
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 most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
Other voices in this conversation
