Janet Yellen: “The Collins Amendment does restrict what is possible for the Federal Reserve.”

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.

We share the objective that you have which is to rid ourselves of dependence on China.

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.

I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.