Janet Yellen: “The results were predictable--incomes grew at the very top, but stagnated for everyone else.”

He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

I definitely expect that we’re going to see them impact pricing.

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

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.