Yellen expects Trump's tariffs will hike inflation to 3% year over year
1. Yellen predicts Trump’s tariffs will increase inflation above 3%. 2. Tariffs could reduce average household income by approximately $1,000. 3. There’s uncertainty surrounding the implementation of Trump's tariffs. 4. The Fed remains cautious about the tariffs' economic impacts. 5. Inflation data shows slower rise than expected recently.