--- title: "Meaning & Key Takeaway of: It is hard to have great confidence in…" description: "\"It is hard to have great confidence in predicting what market reactions to Fed decisions will be.\" — Janet Yellen" image: "https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png" --- # It is hard to have great confidence in predicting what… ![“It is hard to have great confidence in predicting what market reactions to Fed decisions will be.” quote by Janet Yellen](https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png) [Download](https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png) [Open image](https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png) > “It is hard to have great confidence in predicting what market reactions to Fed decisions will be.” [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Predicting market reactions to Fed decisions is highly uncertain. **In simple terms:** Fed moves are hard to forecast. Key Takeaway Accept uncertainty in forecasts. Themes economics uncertainty policy Mood cautious analytical Type economic strategic When to use this quote - investment planning - financial analysis - risk management Key Concepts prediction risk Questions to Reflect On - What factors most affect market responses? - How do you hedge against policy uncertainty? A Different Perspective Models can miss sudden geopolitical shocks. ★ ★ ★ ★ ★ No ratings yet [Confidence](https://sms4smile.com/quotes/about/confidence/) [Investing](https://sms4smile.com/quotes/about/investing/) [Market](https://sms4smile.com/quotes/about/market/) [Prediction](https://sms4smile.com/quotes/about/prediction/) ## Related quotes > [Predicting the market is always tough.](https://sms4smile.com/quotes/alex-berenson/predicting-the-market-is-always-tough/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [One of the greatest technicians of all time was a man named W. D. Gann (1878-1955). He had tremendous success predicting market moves much…](https://sms4smile.com/quotes/rick-santelli/one-of-the-greatest-technicians-of-all-time-was-a-man-named-w-d-gann/) [Rick Santelli](https://sms4smile.com/quotes/author/rick-santelli/) > [“I may be surprised. But I don't think I will be.”](https://sms4smile.com/quotes/andrew-strauss/i-may-be-surprised-but-i-don-t-think-i-will-be/) [Andrew Strauss](https://sms4smile.com/quotes/author/andrew-strauss/) > [“Conspiracy theory, like causality, works fantastically well as an explanatory model but only if you use it backwards. The fact that we cannot predict…](https://sms4smile.com/quotes/peter-j-carroll/conspiracy-theory-like-causality-works-fantastically-well-as-an/) [Peter J. Carroll](https://sms4smile.com/quotes/author/peter-j-carroll/) > [It is hard to predict the future.](https://sms4smile.com/quotes/kane-williamson/it-is-hard-to-predict-the-future/) [Kane Williamson](https://sms4smile.com/quotes/author/kane-williamson/) > [“During many ages, the prediction, as it is usual, contributed to its own accomplishment. ”](https://sms4smile.com/quotes/edward-gibbon/during-many-ages-the-prediction-as-it-is-usual-contributed-to-its-own/) [Edward Gibbon](https://sms4smile.com/quotes/author/edward-gibbon/) > [“Any sufficiently advanced technology is indistinguishable from magic. It was the third of Arthur C. Clarke’s three laws of prediction.”](https://sms4smile.com/quotes/sean-chercover/any-sufficiently-advanced-technology-is-indistinguishable-from-magic/) [Sean Chercover](https://sms4smile.com/quotes/author/sean-chercover/) > [It is not predictions but plans that make the future. If you want predictions, it is because you do not have the ability to…](https://sms4smile.com/quotes/jaggi-vasudev/it-is-not-predictions-but-plans-that-make-the-future-if-you-want/) [Jaggi Vasudev](https://sms4smile.com/quotes/author/jaggi-vasudev/) > [But I don't think I have any particular talent for prediction, because when you have three or four elements in hand, you don't have…](https://sms4smile.com/quotes/antonio-tabucchi/but-i-don-t-think-i-have-any-particular-talent-for-prediction-because/) [Antonio Tabucchi](https://sms4smile.com/quotes/author/antonio-tabucchi/) > [It's impossible for us to forecast what's going to happen ten years from now and make a decision today to say what we're going…](https://sms4smile.com/quotes/charles-rangel/it-s-impossible-for-us-to-forecast-what-s-going-to-happen-ten-years/) [Charles Rangel](https://sms4smile.com/quotes/author/charles-rangel/) > [“Our world is increasingly complex, often chaotic, and always fast-flowing. This makes forecasting something between tremendously difficult and actually impossible, with a strong shift…](https://sms4smile.com/quotes/andrew-mcafee/our-world-is-increasingly-complex-often-chaotic-and-always-fast/) [Andrew McAfee](https://sms4smile.com/quotes/author/andrew-mcafee/) > [“And how did you know about that?” Seven looked at his watch. Chase held up a hand. “Let me guess, in two minutes and…](https://sms4smile.com/quotes/adrienne-wilder/and-how-did-you-know-about-that-seven-looked-at-his-watch-chase-held/) [Adrienne Wilder](https://sms4smile.com/quotes/author/adrienne-wilder/) > [“It takes a huge investment in introspection to learn that the thirty or more hours spent “studying” the news last month neither had any…](https://sms4smile.com/quotes/nassim-nicholas-taleb/it-takes-a-huge-investment-in-introspection-to-learn-that-the-thirty/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [I'm going to make a prediction - it could go either way.](https://sms4smile.com/quotes/ron-atkinson/i-m-going-to-make-a-prediction-it-could-go-either-way/) [Ron Atkinson](https://sms4smile.com/quotes/author/ron-atkinson/) > [The one prediction that never comes true is, 'You'll thank me for telling you this.](https://sms4smile.com/quotes/judith-martin/the-one-prediction-that-never-comes-true-is-you-ll-thank-me-for/) [Judith Martin](https://sms4smile.com/quotes/author/judith-martin/) ## More by Janet Yellen > [Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.](https://sms4smile.com/quotes/janet-yellen/nationally-the-share-of-mortgages-that-are-underwater-fell-by-about/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.](https://sms4smile.com/quotes/janet-yellen/will-capitalist-economies-operate-at-full-employment-in-the-absence/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and…](https://sms4smile.com/quotes/janet-yellen/individuals-out-of-work-for-an-extended-period-can-become-less/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms…](https://sms4smile.com/quotes/janet-yellen/for-decades-the-pace-of-technological-change-in-manufacturing-has/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [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…](https://sms4smile.com/quotes/janet-yellen/it-s-important-for-market-participants-to-have-a-sense-of-how-we/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about…](https://sms4smile.com/quotes/janet-yellen/if-there-is-a-job-that-you-feel-passionate-about-do-what-you-can-to/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Although we work through financial markets, our goal is to help Main Street, not Wall Street.](https://sms4smile.com/quotes/janet-yellen/although-we-work-through-financial-markets-our-goal-is-to-help-main/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was…](https://sms4smile.com/quotes/janet-yellen/i-felt-that-the-fed-had-always-been-the-agency-that-picked-up-the/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Increased business sales would almost certainly raise the productive capacity of the economy by encouraging additional capital spending, especially if accompanied by reduced uncertainty…](https://sms4smile.com/quotes/janet-yellen/increased-business-sales-would-almost-certainly-raise-the-productive/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had…](https://sms4smile.com/quotes/janet-yellen/there-were-a-lot-of-manufacturing-jobs-lost-over-a-long-period-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices…](https://sms4smile.com/quotes/janet-yellen/uncertainty-about-sales-impedes-business-planning-and-could-harm/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to…](https://sms4smile.com/quotes/janet-yellen/stronger-productivity-growth-would-tend-to-raise-the-average-level-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.](https://sms4smile.com/quotes/janet-yellen/the-federal-open-market-committee-fomc-is-committed-to-policies-that/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the…](https://sms4smile.com/quotes/janet-yellen/to-me-the-greatest-asset-of-the-fed-is-the-people-we-have-a/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Explore all 148 Janet Yellen quotes ](https://sms4smile.com/quotes/author/janet-yellen/) ## More Confidence quotes > [The CIA has concluded in a secret assessment that Russia intervened in the 2016 election to help Donald Trump win the presidency rather than…](https://sms4smile.com/quotes/rachel-maddow/the-cia-has-concluded-in-a-secret-assessment-that-russia-intervened/) [Rachel Maddow](https://sms4smile.com/quotes/author/rachel-maddow/) > [I was just confident my work was good.](https://sms4smile.com/quotes/bunny-yeager/i-was-just-confident-my-work-was-good/) [Bunny Yeager](https://sms4smile.com/quotes/author/bunny-yeager/) > [I am confident when I take the penalty otherwise I would pass for somebody else.](https://sms4smile.com/quotes/bruno-fernandes/i-am-confident-when-i-take-the-penalty-otherwise-i-would-pass-for/) [Bruno Fernandes](https://sms4smile.com/quotes/author/bruno-fernandes/) > [I started out dancing on a reality TV show, but always with the intention of making my way over to film. I transitioned into…](https://sms4smile.com/quotes/julianne-hough/i-started-out-dancing-on-a-reality-tv-show-but-always-with-the/) [Julianne Hough](https://sms4smile.com/quotes/author/julianne-hough/) > [One of the ways that I discovered my confidence and my ability to overpower is becoming a mother. Suddenly, my world wasn't about myself…](https://sms4smile.com/quotes/lights/one-of-the-ways-that-i-discovered-my-confidence-and-my-ability-to/) [Lights](https://sms4smile.com/quotes/author/lights/) > [My friend made me a leather dress for the MTV awards. It gives you confidence, wearing something you love.](https://sms4smile.com/quotes/cat-deeley/my-friend-made-me-a-leather-dress-for-the-mtv-awards-it-gives-you/) [Cat Deeley](https://sms4smile.com/quotes/author/cat-deeley/) > [Confidence comes from cutting yourself some slack.](https://sms4smile.com/quotes/tess-daly/confidence-comes-from-cutting-yourself-some-slack/) [Tess Daly](https://sms4smile.com/quotes/author/tess-daly/) > [I would rather regret the things that I have done than the things that I have not.](https://sms4smile.com/quotes/lucille-ball/i-would-rather-regret-the-things-that-i-have-done-than-the-things/) [Lucille Ball](https://sms4smile.com/quotes/author/lucille-ball/) > [You want to remain hungry and stay in a good place as a competitor; at the same time, you want to be confident but…](https://sms4smile.com/quotes/lamar-odom/you-want-to-remain-hungry-and-stay-in-a-good-place-as-a-competitor-at/) [Lamar Odom](https://sms4smile.com/quotes/author/lamar-odom/) > [Get to know yourself well enough to not only expect, but also control, your response to the unexpected challenges in life.](https://sms4smile.com/quotes/senoraroy/get-to-know-yourself-well-enough-to-not-only-expect-but-also-control/) Senoraroy > [The four Cs of making dreams come true: Curiosity, Courage, Consistency, Confidence.](https://sms4smile.com/quotes/walt-disney/the-four-cs-of-making-dreams-come-true-curiosity-courage-consistency/) [Walt Disney](https://sms4smile.com/quotes/author/walt-disney/) > [I look for someone who has confidence. Also someone whose energetic, cause I'm NOT that energetic.](https://sms4smile.com/quotes/nick-jonas/i-look-for-someone-who-has-confidence-also-someone-whose-energetic/) [Nick Jonas](https://sms4smile.com/quotes/author/nick-jonas/) > [Why shouldn't I be confident? I'm well educated, I can deliver a line, and I have more than three expressions. That's good right?](https://sms4smile.com/quotes/sonakshi-sinha/why-shouldn-t-i-be-confident-i-m-well-educated-i-can-deliver-a-line/) [Sonakshi Sinha](https://sms4smile.com/quotes/author/sonakshi-sinha/) > [I was very confident on the stage, and I stood out in a red gown.](https://sms4smile.com/quotes/nicole-johnson/i-was-very-confident-on-the-stage-and-i-stood-out-in-a-red-gown/) [Nicole Johnson](https://sms4smile.com/quotes/author/nicole-johnson/) > [If you go to any nunnery and ask them what the main obstacle is, they'll always say low self-esteem and lack of confidence. It…](https://sms4smile.com/quotes/tenzin-palmo/if-you-go-to-any-nunnery-and-ask-them-what-the-main-obstacle-is-they/) [Tenzin Palmo](https://sms4smile.com/quotes/author/tenzin-palmo/) [Browse all 11,290 Confidence quotes ](https://sms4smile.com/quotes/about/confidence/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "It is hard to have great confidence in predicting what market reactions to Fed decisions will be.", "creator": { "@type": "Person", "name": "Janet Yellen" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/janet-yellen/it-is-hard-to-have-great-confidence-in-predicting-what-market/", "about": { "@type": "Thing", "name": "Confidence" }, "@id": "https://sms4smile.com/quotes/janet-yellen/it-is-hard-to-have-great-confidence-in-predicting-what-market/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png", "contentUrl": "https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png", "url": "https://sms4smile.com/quotes/i/24e/janet-yellen-2828_confidence_it-is-hard-to-have-great-confidence-in-p_2314640.png", "width": 1080, "height": 1080, "caption": "“It is hard to have great confidence in predicting what market reactions to Fed decisions will be.” — Janet Yellen", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Janet Yellen", "item": "https://sms4smile.com/quotes/author/janet-yellen/" }, { "@type": "ListItem", "position": 4, "name": "It is hard to have great...", "item": "https://sms4smile.com/quotes/janet-yellen/it-is-hard-to-have-great-confidence-in-predicting-what-market/" } ], "@id": "https://sms4smile.com/quotes/janet-yellen/it-is-hard-to-have-great-confidence-in-predicting-what-market/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```