Janet Yellen: “What stands out is paid leave and affordable child care as to things that distinguish the United States from those…”

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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

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