We’ve collected the best Janet Yellen Quotes. Use them as an inspiration.
We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.
A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
Monetary policy ultimately must be conducted in a pragmatic manner that relies not on any particular indicator or model but, instead, reflects an ongoing assessment of a wide range of information in the context of our ever-evolving understanding of the economy.
A U.K. vote to exit the European Union could have significant economic repercussions.
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.
Although we work through financial markets, our goal is to help Main Street, not Wall Street.
Over a long period of time, technological change is something that has been important in reducing manufacturing employment – absolutely and as a share of jobs in the economy.
I don’t feel that I’ve faced discrimination. I’ve had every chance to succeed and more, and I think that’s what all women should have.
We are focused on Main Street, on supporting economic conditions – plentiful jobs and stable prices – that help all Americans.
In my junior year, I studied geology on Saturday mornings at the Museum of Natural History. Mineralogy has always been a major interest.
We have put in place policies through supervision and regulation that has greatly enhanced the safety and soundness of the banking system.
I’ve been collecting rocks since I was 8 and have over 200 different specimens.
Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.
In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession.
My parents were born in 1906 and 1907. I think the experience of the Depression greatly influenced the way they thought about the world.
I will be the first to say that it is always difficult to get monetary policy just right. But the Fed’s analytical prowess is top-notch, and our forecasting record is second to none.
Increased business sales would almost certainly raise the productive capacity of the economy by encouraging additional capital spending, especially if accompanied by reduced uncertainty about future prospects.
Productivity depends on many factors, including our workforce‘s knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.
My advice would be, as you consider fiscal policies, to keep in mind and look carefully at the impact those policies are likely to have on the economy’s productive capacity, on productivity growth, and to the maximum extent possible, choose policies that would improve that long-run growth and productivity outlook.
If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about which you are passionate, dedicate yourself to that purpose.
Some degree of inequality in income and wealth, of course, would occur even with completely equal opportunity because variations in effort, skill, and luck will produce variations in outcomes.
The extent of and continuing increase in inequality in the United States greatly concern me.
Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in asset markets and diversify their holdings.
The trust institutions have in the marketplace, the confidence customers and suppliers and workers and employees have, are very important to a business’s effectiveness.
The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.
The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.
While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work.
There were a lot of manufacturing jobs lost over a long period of time and particularly after – during the Great Recession. We’ve had some recovery in manufacturing employment as the economy’s recovered.
An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.
A clear lesson of history is that a ‘sine qua non’ for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.