To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. — Janet Yellen Copy Share Image
Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in… — Janet Yellen Copy Share Image
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about… — Janet Yellen Copy Share Image
My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect… — Janet Yellen Copy Share Image
I would be uncomfortable raising the federal funds rate if readings on wage growth, core consumer prices, and other indicators of underlying… — Janet Yellen Copy Share Image
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation… — Janet Yellen Copy Share Image
The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of… — Janet Yellen Copy Share Image
The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be… — Janet Yellen Copy Share Image
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as… — Janet Yellen Copy Share Image
A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad… — Janet Yellen Copy Share Image
Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of… — Janet Yellen Copy Share Image
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison,… — Janet Yellen Copy Share Image
I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to… — Janet Yellen Copy Share Image
Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I… — Janet Yellen Copy Share Image
During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic… — Janet Yellen Copy Share Image
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not… — Janet Yellen Copy Share Image
The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways.… — Janet Yellen Copy Share Image
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of… — Janet Yellen Copy Share Image
Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014. — Janet Yellen Copy Share Image
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 Copy Share Image
Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and… — Janet Yellen Copy Share Image
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms… — Janet Yellen Copy Share Image
For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow… — Janet Yellen Copy Share Image
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… — Janet Yellen Copy Share Image
If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about… — Janet Yellen Copy Share Image
Although we work through financial markets, our goal is to help Main Street, not Wall Street. — Janet Yellen Copy Share Image
I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was… — Janet Yellen Copy Share Image
Increased business sales would almost certainly raise the productive capacity of the economy by encouraging additional capital spending, especially if accompanied by reduced uncertainty… — Janet Yellen Copy Share Image
There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had… — Janet Yellen Copy Share Image
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices… — Janet Yellen Copy Share Image
