Janet Yellen: “I feel we have given detailed feedback and adequate information, and if we do not see the progress we expect, we are…”

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 price cap on Russian oil has significantly reduced Russian revenue over the last 10 months.

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.

President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.