Age Quote by Janet Yellen
“There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.”
About This Quote
Source Speech: Economic Outlook, Federal Reserve, 2023
Economic cycles are driven by factors beyond age; expansions can persist despite recession risks.
In simple terms: Expansions can continue despite recession risk.
Key Takeaway
Monitor indicators, stay adaptable.
Themes
economics
business cycles
risk management
Mood
cautious
analytical
Type
advisory
informative
When to use this quote
- investment planning
- budget forecasting
- career decisions
Key Concepts
Macroeconomic theory
business cycles
policy analysis
Questions to Reflect On
- How do you prepare for unexpected downturns?
- What indicators matter most to you?
A Different Perspective
Economic forecasts are uncertain and can be influenced by unexpected shocks.
