Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater… — Janet Yellen Copy Share Image
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
The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to… — Janet Yellen Copy Share Image
Audit the Fed is a bill that would politicize monetary policy, would bring short-term political pressures to bear on the Fed. In… — Janet Yellen Copy Share Image
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns. — Janet Yellen Copy Share Image
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags.… — Janet Yellen Copy Share Image
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they… — 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
In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009. — Janet Yellen Copy Share Image
The Fed should not be responding to the ups and downs of the markets, and it is certainly not our policy to… — Janet Yellen Copy Share Image
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policy makers have the knowledge and… — Janet Yellen Copy Share Image
Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A… — Janet Yellen Copy Share Image
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 Copy Share Image
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International… — Janet Yellen Copy Share Image
At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by… — 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
