Janet Yellen: “I am committed to leveraging the full powers and authorities of the Treasury Department to address issues of inequality…”

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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