Whenever we put out a regulation--an example would be our recent capital regulations implementing Basel III--we put out a special guide to show what is relevant to community banks, that they can ignore and are not affected by the rest.
Yellen explains efforts to tailor regulations for community banks to reduce their burden.
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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 am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.
We share the objective that you have which is to rid ourselves of dependence on China.
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