Janet Yellen: “I agree with Chairman Bernanke that an increase in the long-run inflation objective to 4 percent would be a risky policy…”

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.

Corporate anonymity enables money laundering, drug trafficking, terrorism, and corruption.

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.