Janet Yellen: “We are not going to raise rates if we think it is going to tip the economy into a recession.”

I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.

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

We have not in any way relaxed our sanctions on Iranian oil.

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