Customer Quote by Janet Yellen
“It's appropriate for the Fed to gradually and cautiously increase our overnight interest rate over time.”
About This Quote
Source Speech: Monetary Policy Remarks, Federal Reserve, 2023
The Fed should raise rates slowly and carefully to avoid economic shock.
In simple terms: Raise rates slowly and carefully.
Proceed with caution.
Themes
Mood
Type
When to use this quote
- business planning
- personal finance
- investment decisions
Key Concepts
Questions to Reflect On
- How do you balance growth and inflation?
- What signs indicate a rate hike is needed?
Rapid hikes could trigger recession.