Janet Yellen: “I think it could have significant economic consequences by launching a period of uncertainty.”

The President has proposed in his most recent budget expanding the Child Tax Credit.

The President supports no tax increases on families making under $400,000.

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

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.