Janet Yellen: “That those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the…”

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.

In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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.