On the recordDecember 2, 2015
Millions of Americans would have suffered unnecessary spells of joblessness over that period.
Source
congress.govMillions of Americans would have suffered unnecessary spells of joblessness over that period.
Yellen warns that strict monetary rules could lead to significant job losses.
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More from Janet Yellen
The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'
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.
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.