Janet Yellen Quotes

Janet Yellen
Janet Yellen
American Public Servant
Born: Aug 13, 1946
Financial Important Inflation Time Will You
Related authors: Andrew Yang Ben Bernanke Betsy DeVos Clara Barton Elizabeth Warren Hope Hicks Jerome Powell Jim Mattis
I've been collecting rocks since I was 8 and have over 200 different specimens. Janet Yellen
Collecting Over Since Been Rocks Different
I want to be completely clear that I strongly oppose 'Audit the Fed.' Janet Yellen
Oppose Strongly Fed Clear Audit Want
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%. Janet Yellen
Inflation Other Top Adjusting Households Real Than Grew After Average Less Comparison Income
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers. Janet Yellen
Inflation Pay Loathe Changes Market Relative Argued Economists Most Nominal Although Yale Without Enable Occur Wage Labor American May Wheels Little Cuts Workers Requiring Apparently Necessary Grease
While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work. Janet Yellen
Work Government Capitalism Believe Intervention Markets Admirers Also Make Limitations While Them Require Certain Certain Extent Extent
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation. Janet Yellen
Food Inflation Predict Energy Other Changes Distinguish Enter Total Prices Between Goods Models Movements Which Commonly Energy Prices Used Describe Services Core
The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York. Janet Yellen
Website Balance Financial Made Publish Every Our Summary Statements Ranks Security Week Federal Federal Reserve Outside New Most Sheet York Listed Bank New York Banks Hold Central Public Transparent Reserve Among
U.S. economic activity continues to expand, led by solid growth in household spending. But business investment remains soft, and subdued foreign demand and the appreciation of the dollar since mid-2014 continue to restrain exports. Janet Yellen
Business Appreciation Spending Solid Restrain Economic Economic Activity Remains Investment Demand Since Household Foreign Continue Dollar Subdued Led Expand Exports Activity Growth Soft
Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession. Janet Yellen
Stronger Recession Ease Would Rates Tend Federal Federal Reserve Policy Greater Provide Scope Interest Interest Rates Average Productivity Therefore Reserve Event Monetary Monetary Policy Growth Level Raise
When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table. Janet Yellen
You Job Year Months Find Table Qualify Lease Off Unemployed Option Often Six Hard Even
Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent. Janet Yellen
Business Believe Think Unless Paradigm Merchandise Contacts Builders Permanent Shift Lined Sell Up Order Stores Produce Manufacturers Describe Away Right Right Away Buyers
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously. Janet Yellen
Problem Will Intervention Absence Economies Employment Obviously Operate Social Capitalist Full Certainly Routine
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. Janet Yellen
Side Term Most Occurs However Very Contribute Short Short-Term Painful Productivity Growth Things Disruptive
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. Janet Yellen
Me People Seriously Consider Our Worthwhile Risen Seems Risk More Point Taking Economy Inequality Making Rewarding
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning. Janet Yellen
Business Inflation Relative About Uncertainty Could Prices Sales Just Just As Much Formation Capital Create Much Planning Harm
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair? Janet Yellen
Work Try Behavior Employees Unfair Pay Possible Would Firm Feel Policies How Wage Affect Unemployment Behalf Get Quit Just Board Little Themselves Ask Cuts Bodies Hard Less Dissatisfied Needed
Business students are very oriented to playing a role in the real world and accomplishing something, not training themselves to be scholars and contribute to the literature. Teaching in that kind of environment has focused me much more on the real world, how pieces of the theory I know can be applied to real-world situations. Janet Yellen
Me Business Training World Focused Kind Something More Students Scholars Environment Know Pieces How Real Accomplishing Very Role Contribute Situations The Real World Real World Literature Themselves Much Teaching Theory Oriented Applied Playing
One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks. Janet Yellen
Value Consider Way Ratio Dividends Price Prices Judging Housing Line Stocks Common Whether Fundamental
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. Janet Yellen
Inflation Other Variables Rising Insofar Only Output Prices Bottom Bottom Line React Employment Policy Houses Line Affect Goal Bank Central Should Monetary Assets Monetary Policy
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. Janet Yellen
Inflation Responsibility Control Group Increase Broad Rate Crucial Prices Goods Any Bank Central Central Bank Average Services
Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices. Janet Yellen
Food Change Inflation Energy Defined Significant Objective Federal Prices Consumer Overall Budgets Terms Household Account Reserve Portion
Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014. Janet Yellen
About Share Mortgages Between Fell Underwater
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. Janet Yellen
Great Generation Before Recession Baby Relates Boom Clearly Participation Accelerate Well Force Began Labor Pace Decline Aging Peaked Portion Early
Sometimes you have to make decisions without knowing all that you would like to know That's part of the job. Janet Yellen
You Sometimes Job Would Part Like Know Knowing Make Without Decisions
We necessarily operate in an environment in which there's a great deal of uncertainty. In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes. That's one reason I favor a cautious approach. Janet Yellen
Great Great Deal Mistakes Big Sense Approach Favor Uncertainty Environment Identify Operate Deal Makes Cautious Which Use Avoid Reason Necessarily
Although we work through financial markets, our goal is to help Main Street, not Wall Street. Janet Yellen
Work Financial Our Markets Financial Markets Through Main Main Street Although Goal Wall Wall Street Help Street
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