Janet Yellen: “The downturn probably accelerated those trends that perhaps relate to globalization and technological change that are…”

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.

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

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.