Janet Yellen: “I do not think an impact of low interest rates has been to stimulate an investment boom or a boom in capacity.”

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

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.

I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.

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