Janet Yellen Quotes
Listening to others, especially those with whom we disagree, tests our own ideas and beliefs. It forces us to recognize, with humility, that we don't have a monopoly on the truth.
I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans have traditionally placed on equality of opportunity.
In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.
If it were possible to take interest rates into negative territory I would be voting for that.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
It slightly worries me that when people find a problem, they rush to judgment of what to do.
The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.
Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more rewarding for more of the people.
We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy
I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery.
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
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.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.
Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job.
The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013.
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.
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.
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.
There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.