Janet Yellen: “I do think it is important for Congress to try to resolve those issues.”

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.

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.

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

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