3604 quotes by public servants for you to enjoy

For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces. Janet Yellen

Change Easier Economy Reducing Continue Decades Pace Producing Manufacturing Whole Found 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

The outlook for the economy, as always, is highly uncertain. Janet Yellen

Uncertain Outlook Highly Economy Always

It seems to me that women have made an awful lot of progress, but they probably remain underrepresented at the highest levels of most organizations, for a variety of reasons. And it's probably going to take a long time to change that. Janet Yellen

To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the Fed because this is such a competent, professional and well-respected organization. Janet Yellen

Work Me People Organization Tremendously Fed Feel Because Greatest Greatest Asset Proud Staff Dedicated Professional Asset Competent

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. Janet Yellen

Understanding Our Range Must Indicator Ongoing Instead Particular Economy Policy Pragmatic Context Ultimately Reflects Model Any Information Manner Assessment Monetary Monetary Policy Wide Wide Range

Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires. Janet Yellen

Strength Example Market Additional Sector Jobs Find Ability About Rate More Voluntarily Since New For Example Private Provide New Ones Private Sector Labor Quit Confident Quits Workers Actively Competing Flows

Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in an uncertain economic environment, the employment and inflation goals. Janet Yellen

Best Goals Inflation Will Respond Promote Uncertain Economic Environment Economy Employment Policy Always Turns Monetary Monetary Policy Twists

The Fed should not be responding to the ups and downs of the markets, and it is certainly not our policy to do so. But when there are significant financial developments, it's incumbent on us to ask ourselves what is causing them. Janet Yellen

Financial Ups And Downs Incumbent Our Markets Responding Ourselves Significant Fed Developments Policy Causing Ups Them Ask Us Should Certainly Downs

The debate we won't be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda - at least not until 2013. So we think that is incredibly important as a matter of economic good. Jay Carney

Good People Debate Matter Achieve Will Important Situation Think Incredibly Having Economic Hostage Economy Until Least Ceiling Debt Debt Ceiling American American Economy Where Order Hold Whether Agenda Should Specific Raised

Quotes by Public Servants