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Customer Quotes by Janet Yellen

45 Customer quotes by Janet Yellen

All Customer quotes Janet Yellen’s page

Janet Yellen describes the Federal Reserve as the agency that steps in during financial crises and aims for maximum employment and price stability. She emphasizes the role of dedicated staff and says that productivity growth can allow higher interest rates. She also advises cautious, gradual hikes to keep inflation in check.

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Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in…

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I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to…

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Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

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Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of…

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It's appropriate for the Fed to gradually and cautiously increase our overnight interest rate over time.

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The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from…

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

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A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad…

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Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I…

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The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways.…

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In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International…

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Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater…

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Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of…

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The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to…

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Monetary policy ultimately must be conducted in a pragmatic manner that relies not on any particular indicator or model but, instead, reflects…

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I would be uncomfortable raising the federal funds rate if readings on wage growth, core consumer prices, and other indicators of underlying…

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

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Our ability to predict how the federal funds rate will evolve over time is quite limited because monetary policy will need to…

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I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and…

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In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009.

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New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in…

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I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical…

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It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.

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If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more…

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Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation…

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Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of…

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We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags.…

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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…

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To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work…

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Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as…

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If we were to raise interest rates too steeply, and we were to trigger a downturn or contribute to a downturn, we…

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Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and…

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The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the…

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In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In…

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During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic…

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A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of…

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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…

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Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important,…

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By putting downward pressure on interest rates, the Fed is trying to make financial conditions more accommodative - supporting asset values and…

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The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be…

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More by Janet Yellen

Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.

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

Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and…

For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms…

For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…

It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look…

If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about…

Although we work through financial markets, our goal is to help Main Street, not Wall Street.

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was…

Increased business sales would almost certainly raise the productive capacity of the economy by encouraging additional capital spending, especially if accompanied by reduced uncertainty…

There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had…

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices…

Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to…

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.

To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the…