Janet Yellen
👤 PersonAppearances Over Time
Podcast Appearances
Sure, George, and good to be with you.
And we've seen an impact on the economy from day one, but it's getting worse and worse.
We had a fantastic economy under President Trump the past two quarters, and now there are estimates that the economic growth for this quarter could be cut by as much as half if the shutdown continues.
I can tell you what we're not going to do is what happened under the Biden administration, where the administration and the media gaslit everyone and said, oh, you know, there's a vibe session.
You don't understand how good you have it.
And what happened then was we had the worst inflation for your 50 years.
You know, 22%, 23%, but the basket of goods and services for working Americans was up more than 30%.
And what we're seeing is we had to stop the increase first.
Now we are starting to see prices level off, come down.
You know, gasoline is down.
Interest rates are down.
Some mortgages are down.
And I think we are making substantial progress on that.
And I think over the coming months and the next year, prices are going to come down.
of two thousand dollars a person it's not about taking in the revenue it's about rebalancing and the the revenue occurs early on and then as we rebalance and the jobs come home then it becomes domestic tax revenue the two thousand dollar dividend could come in lots of forms in lots of ways george uh you know it could be just the the tax decreases that we are seeing on the president's agenda
No tax on tips, no tax on overtime, no tax on Social Security, deductibility of auto loans.
It's completely consistent that the revenues come in at the beginning.
Then as we rebalance, which is the goal of this, bring back high paid manufacturing jobs to the U.S.,
then it will then morph into domestic tax revenues.
You know, President Trump has consistently fought for the American worker, and we are seeing trillions of investments in the U.S.