Janet Yellen: “Both objectives of the dual mandate are important in promoting the economic well-being of the United States.”

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.

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The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'

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.