On the recordMay 20, 2023
We're all concerned about deficits and fiscal responsibility, but deficits can be addressed both through changes in spending and also through changes in revenue.
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nbcnews.comWe're all concerned about deficits and fiscal responsibility, but deficits can be addressed both through changes in spending and also through changes in revenue.
Yellen emphasizes the need for both spending cuts and revenue increases to address deficits.
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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.
We share the objective that you have which is to rid ourselves of dependence on China.
The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'