Janet Yellen Quotes

Quotes about:

Economy Inequality Inflation Values Wealth

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

Graduation, Humility, Listening To Others

"The Best Career Advice From 2014 Commencement Speeches" by Jill Jacinto, www.businessinsider.com. May 23, 2014.

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If it were possible to take interest rates into negative territory I would be voting for that.

Janet Yellen

Voting, Negative, Would Be

"Why Gold Is Unstoppable" by Doug French, www.caseyresearch.com. March 19, 2014.

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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.

Janet Yellen

Opportunity, Thinking, Trends

"RPT-UPDATE 2-Citing U.S. values, Yellen says greatly concerned by rise in economic inequality". www.reuters.com. October 17, 2014.

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In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.

Janet Yellen

Teaching, Government, Inspire

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It slightly worries me that when people find a problem, they rush to judgment of what to do.

Janet Yellen

People, Worry, Problem

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To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Janet Yellen

Wise, Running, Target

"Dear Janet Yellen, Raise The Inflation Target" by Matt Busigin, www.businessinsider.com. February 3, 201.

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For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.

Janet Yellen

Agency, Appreciate, Risk

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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.

Janet Yellen

Past, Gains, Majority

"RPT-UPDATE 2-Citing U.S. values, Yellen says greatly concerned by rise in economic inequality". www.reuters.com. October 17, 2014.

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Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

Janet Yellen

Long, Unemployment, Economy

"A Painfully Slow Recovery for America's Workers: Causes, Implications, and the Federal Reserve's Response" by Janet L. Yellen, www.federalreserve.gov. February 11, 2013.

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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

Rising Prices, Goal, House

"In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.

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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

Janet Yellen

Capitalist Economy, Routine, Employment

"Why Janet Yellen Should Be Fed Chair (In 4 Quotes)" By Mark Gongloff, www.huffingtonpost.com. September 16, 2013.

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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.

Janet Yellen

Care, Employment, Inflation

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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

People, Risk, Economy

"How American Income Inequality Hit Levels Not Seen Since The Depression", www.huffingtonpost.com. October 22, 2010.

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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.

Janet Yellen

Growth, Sides, Painful

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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

Janet Yellen

Views, Bitcoin, Popularity

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In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

Janet Yellen

Running, Giving, Long

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The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution families that in 2013 had a net worth between $81,000 and $1.9 million held 43% of wealth in 1989 and only 36% in 2013.

Janet Yellen

Rose, Income, Half

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By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that time span and probably higher than for much of American history before then.

Janet Yellen

Past, Average, Years

Janet Yellen's Speech At the Conference on Economic Opportunity and Inequality at the Federal Reserve Bank of Boston in Boston, Massachusetts, www.federalreserve.gov. October 17, 2014.

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Are deviations from full employment a social problem? Obviously.

Janet Yellen

Employment, Problem, Social

"Why Janet Yellen Should Be Fed Chair (In 4 Quotes)" By Mark Gongloff, www.huffingtonpost.com. September 16, 2013.

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The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.

Janet Yellen

Zero, Home, Average

Janet Yellen's Speech At the Conference on Economic Opportunity and Inequality at the Federal Reserve Bank of Boston in Boston, Massachusetts, www.federalreserve.gov. October 17, 2014.

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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

Judging, Ratios, Way

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Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.

Janet Yellen

Practice, Inventory, Way

"The Outlook for the Economy and Monetary Policy". Janet Yellen's Remarks at the University of San Diego in San Diego, California, www.frbsf.org. February 22, 2010.

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Prospects for growth in the year ahead are solid at the national level, and of course, this can only be good news for the Bay Area and California as well. The U. S. economy has shown remarkable resilience in the face of some severe shocks - in particular, the surge in energy prices that began a couple of years ago and the devastation wrought by the twin hurricanes last summer.

Janet Yellen

Summer, Couple, California

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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

Strong, Recovery, Would Be

NOMINATION OF JANET L. YELLEN, OF CALIFORNIA, TO BE CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, www.congress.gov. November 14, 2013.

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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

Cutting, Trying, Body

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Born: August 13, 1946
Occupation: Economist
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