Always Quote by Janet Yellen

“Firms are not always willing to cut wages, even if there are people lined up outside the gates to work. So why don't they?”

Janet Yellen

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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.

Janet Yellen

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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

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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

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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

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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…

Janet Yellen

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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

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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

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

Janet Yellen

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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 it was…

Janet Yellen

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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

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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

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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