Janet Yellen: “Absolutely. We can thank the American Rescue Plan for the strong labor market we have now and the strong financial…”

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

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