My hope and expectation is that would change, and if we can generate a more robust recovery in the context of price stability, that all Americans will see more meaningful increases in their well-being.
Yellen expresses hope for a stronger recovery leading to better well-being for all Americans.
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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.
The tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.
We share the objective that you have which is to rid ourselves of dependence on China.
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