Janet Yellen: “I don't think there's going to be an inflationary problem, but if there is, the Fed will be counted on to address it.”

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.

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.

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

There will be a negotiation over what to do when these tax cuts expire.