3619 quotes by public servants for you to enjoy

Our ability to predict how the federal funds rate will evolve over time is quite limited because monetary policy will need to respond to whatever disturbances may buffet the economy. Janet Yellen

Time Will Whatever Predict Our Respond Evolve Ability Rate Federal Over Economy Buffet Policy Because Limited How Quite May Monetary Monetary Policy Funds Need

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. Janet Yellen

Housing is a relatively small sector of the economy, and its decline should be self-correcting. Janet Yellen

Relatively Sector Small Economy Housing Decline Should

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. Janet Yellen

Time Change Long Important Has-Been Jobs Something Absolutely Long Period Share Over Economy Period Employment Reducing Been Manufacturing Technological

In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008. Janet Yellen

Fall Beginning Pay Congress Approved Date Fed Allow Had Balances October Effective Up Authority Moved Banks Interest Plans Reserve

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful. Janet Yellen

Strong Control Plentiful Rate Rates Fed Federal Federal Reserve Between Balances Quantity Enables Link Break Short-Term Interest Interest Rates Turn Paying Reserve Reserves Level Funds

It is hard to have great confidence in predicting what market reactions to Fed decisions will be. Janet Yellen

Great Confidence Will Market Fed Reactions Predicting Decisions Hard

When the time comes to raise rates, I do think there will be some benefits that flow through to savers. Janet Yellen

Time Benefits Will Think Some Rates Through Flow Raise

I would be uncomfortable raising the federal funds rate if readings on wage growth, core consumer prices, and other indicators of underlying inflation pressures were to weaken, if market-based measures of inflation compensation were to fall appreciably further, or if survey-based measures were to begin to decline noticeably. Janet Yellen

Inflation Fall Other Further Pressures Weaken Would Would-Be Rate Uncomfortable Federal Prices Consumer Underlying Readings Wage Were Begin Decline Measures Growth Compensation Funds Raising Core

The extent of and continuing increase in inequality in the United States greatly concern me. Janet Yellen

Me Increase States Concern Inequality Continuing Greatly United United States Extent

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. Janet Yellen

Great Financial Fall Few Recession Extraordinarily Dramatic Back Worst Financial Crisis Unmistakable Crisis Share Come Economy Vulnerable How Very Families Improve American American Families Far Manner Large Moments Assets

Are deviations from full employment a social problem? Obviously. Janet Yellen

Problem Employment Obviously Social Full

Household spending growth has been particularly solid in 2015, with purchases of new motor vehicles especially strong. Job growth has bolstered household income, and lower energy prices have left consumers with more to spend on other goods and services. Janet Yellen

Strong Job Energy Other Spend Spending Solid Job Growth Has-Been Purchases More Prices Consumers Vehicles New Goods Particularly Household Been Motor Left Energy Prices Lower Income Growth Services

A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions. Janet Yellen

Example Increase State Local Tools Approaches Local Governments Range Possible Some Could Proposed Taken Support Steps Economists Economy For Example Policy Greater Fiscal Provided Governments Effectiveness Stability Automatic Cyclical Enhance Wide Wide Range

Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data surprises typically induce changes in market expectations about the likely future path of policy, resulting in movements in bond yields that act to buffer the economy from shocks. Janet Yellen

Future Financial Path Changes Approach Market Recognize About Data Resulting Participants Induce Economy Likely Buffer Policy Because Surprises Yields Shocks Expectations Movements Act Appear Incoming Bond

Quotes by Public Servants