Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014. — 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 these families reported zero wealth or negative net worth, and a significant fraction of those said they were… — 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
Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to… — Janet Yellen Copy Share Image
The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress. — Janet Yellen Copy Share Image
To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the… — Janet Yellen Copy Share Image
