Appreciation Quote by Janet Yellen
“U.S. economic activity continues to expand, led by solid growth in household spending. But business investment remains soft, and subdued foreign demand and the appreciation of the dollar since mid-2014 continue to restrain exports.”
About This Quote
Source Speech: Economic Outlook, 2023
U.S. economy grows via consumer spending, but weak business investment, low foreign demand, and a strong dollar limit exports.
In simple terms: Consumer spending drives growth, but other factors hold back exports.
Diversify economic drivers.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
- export planning
Key Concepts
Questions to Reflect On
- How can business investment be stimulated?
- What policies can boost foreign demand?
Reliance on consumption can be unstable.