Janet Yellen: “It appears that the recent lower readings on inflation are partly the result of a few unusual reductions in certain…”

There will be a negotiation over what to do when these tax cuts expire.

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

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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.