Janet Yellen: “It would be a false economy to stint”

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

I think it is appropriate to do that.

The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'