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Janet Yellen Quotes

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

People stop buying things, and that is how you turn a slowdown into a recession Picture Quote #1

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously Picture Quote #1

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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes Picture Quote #1

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 Picture Quote #1

While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work Picture Quote #1

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it’s easier for the central bank to guard its independence from political pressure when it mainly holds government securities Picture Quote #1

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression Picture Quote #1

At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak Picture Quote #1

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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 Picture Quote #1

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 Picture Quote #1

Transparency concerning the Federal Reserve’s conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve’s commitment to accountability within our democratic system of government Picture Quote #1

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 Picture Quote #1

The Federal Reserve’s objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work Picture Quote #1

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 Picture Quote #1

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While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work Picture Quote #1

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 Picture Quote #1

I am anxious to fix welfare. There has to be more training and child care Picture Quote #1

Are deviations from full employment a social problem? Obviously Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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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 Picture Quote #1

It slightly worries me that when people find a problem, they rush to judgment of what to do Picture Quote #1

If it were possible to take interest rates into negative territory I would be voting for that Picture Quote #1

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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Text Quotes

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. (Janet Yellen Quotes) 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 Quotes) 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 Quotes) 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 Quotes) People stop buying things, and that is how you turn a slowdown into a recession (Janet Yellen Quotes) 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 Quotes) Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes. (Janet Yellen Quotes) 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 Quotes) 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 Quotes) The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it’s easier for the central bank to guard its independence from political pressure when it mainly holds government securities (Janet Yellen Quotes) In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression. (Janet Yellen Quotes) At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak. (Janet Yellen Quotes) 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 (Janet Yellen Quotes) 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 Quotes) Transparency concerning the Federal Reserve’s conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve’s commitment to accountability within our democratic system of government. (Janet Yellen Quotes) 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 Quotes) The Federal Reserve’s objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work. (Janet Yellen Quotes) 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 (Janet Yellen Quotes) 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 Quotes) 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 Quotes) I am anxious to fix welfare. There has to be more training and child care (Janet Yellen Quotes) Are deviations from full employment a social problem? Obviously (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 (Janet Yellen Quotes) 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 Quotes) 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 Quotes) It slightly worries me that when people find a problem, they rush to judgment of what to do (Janet Yellen Quotes) If it were possible to take interest rates into negative territory I would be voting for that (Janet Yellen Quotes) To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target (Janet Yellen Quotes) 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 (Janet Yellen Quotes) 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 (Janet Yellen Quotes)

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