--- title: "Meaning & Key Takeaway of: The financial sector is vital to the…" description: "\"The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.\" — ..." image: "https://sms4smile.com/quotes/i/c00/janet-yellen-2828_creation_the-financial-sector-is-vital-to-the-eco_495421.png" --- # The financial sector is vital to the economy. A… ![“The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.” quote by Janet Yellen](https://sms4smile.com/quotes/i/c00/janet-yellen-2828_creation_the-financial-sector-is-vital-to-the-eco_495421.png) [Download](https://sms4smile.com/quotes/i/c00/janet-yellen-2828_creation_the-financial-sector-is-vital-to-the-eco_495421.png) [Open image](https://sms4smile.com/quotes/i/c00/janet-yellen-2828_creation_the-financial-sector-is-vital-to-the-eco_495421.png) > “The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.” [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. Explains the financial sector’s role in fostering jobs, innovation, and inclusive growth. **In simple terms:** A strong finance sector drives economic health. Key Takeaway Support a resilient financial system. Themes economics policy growth Mood analytical optimistic Type policy economic When to use this quote - regulatory reform - investment incentives - small business loans - technology financing Key Concepts financial intermediation inclusive development Questions to Reflect On - How can we balance growth with stability? - What policies ensure inclusive benefits? A Different Perspective May overlook systemic risks and inequality. ★ ★ ★ ★ ★ No ratings yet [Creation](https://sms4smile.com/quotes/about/creation/) [Economic growth](https://sms4smile.com/quotes/about/economic-growth/) [Economy Functioning](https://sms4smile.com/quotes/about/economy-functioning-2716092/) [Financial Sector](https://sms4smile.com/quotes/about/financial-sector-318896/) [Growth](https://sms4smile.com/quotes/about/growth/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Job](https://sms4smile.com/quotes/about/job/) [Money](https://sms4smile.com/quotes/about/money/) [Sector](https://sms4smile.com/quotes/about/sector/) [Sector Vital](https://sms4smile.com/quotes/about/sector-vital-4230452/) [Vital](https://sms4smile.com/quotes/about/vital/) [Vital Economy](https://sms4smile.com/quotes/about/vital-economy-2377291/) ## Related quotes > [Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.](https://sms4smile.com/quotes/jeroen-dijsselbloem/taking-away-the-risk-from-the-financial-sector-and-taking-it-on-to/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies.](https://sms4smile.com/quotes/wolfgang-schauble/the-united-states-lived-on-borrowed-money-for-too-long-inflating-its/) [Wolfgang Schauble](https://sms4smile.com/quotes/author/wolfgang-schauble/) > [“We cannot build a vital economy by delivering pizzas to one another.”](https://sms4smile.com/quotes/jim-wright/we-cannot-build-a-vital-economy-by-delivering-pizzas-to-one-another/) [Jim Wright](https://sms4smile.com/quotes/author/jim-wright/) > [People need the financial sector to be safe; people also need the financial sector to go through a massive phase of innovation. That means…](https://sms4smile.com/quotes/taavet-hinrikus/people-need-the-financial-sector-to-be-safe-people-also-need-the/) [Taavet Hinrikus](https://sms4smile.com/quotes/author/taavet-hinrikus/) > [The Internet is a bright spot for our struggling economy and functioning just fine without what amounts to a federal pat-down of the inner…](https://sms4smile.com/quotes/mary-bono/the-internet-is-a-bright-spot-for-our-struggling-economy-and/) [Mary Bono](https://sms4smile.com/quotes/author/mary-bono/) > [“The dictator has to keep the economy functioning in order to keep stealing from it.”](https://sms4smile.com/quotes/tim-harford/the-dictator-has-to-keep-the-economy-functioning-in-order-to-keep/) [Tim Harford](https://sms4smile.com/quotes/author/tim-harford/) > [People who go to work every day and perform the services essential to keeping our economy functioning deserve to live above the poverty level.](https://sms4smile.com/quotes/marcy-kaptur/people-who-go-to-work-every-day-and-perform-the-services-essential-to/) [Marcy Kaptur](https://sms4smile.com/quotes/author/marcy-kaptur/) > [I think there's no question but what the tail end of the Bush administration, Bush-Cheney administration, that we took steps specifically geared to try…](https://sms4smile.com/quotes/dick-cheney/i-think-there-s-no-question-but-what-the-tail-end-of-the-bush/) [Dick Cheney](https://sms4smile.com/quotes/author/dick-cheney/) > [When you've got a economy in which 40 percent of economic growth is happening in the financial sector, that turns out that was all…](https://sms4smile.com/quotes/barack-obama/when-you-ve-got-a-economy-in-which-40-percent-of-economic-growth-is/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I grew up in Monaco, and in that environment going into the financial sector was the obvious choice.](https://sms4smile.com/quotes/herve-falciani/i-grew-up-in-monaco-and-in-that-environment-going-into-the-financial/) [Herve Falciani](https://sms4smile.com/quotes/author/herve-falciani/) > [In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they…](https://sms4smile.com/quotes/raghuram-rajan/in-a-world-with-weak-aggregate-demand-countries-are-engaging-in-a/) [Raghuram Rajan](https://sms4smile.com/quotes/author/raghuram-rajan/) > [It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that…](https://sms4smile.com/quotes/charles-ferguson/it-is-no-exaggeration-to-say-that-since-the-1980s-much-of-the-global/) [Charles Ferguson](https://sms4smile.com/quotes/author/charles-ferguson/) > [One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.](https://sms4smile.com/quotes/juan-enriquez/one-of-the-lessons-that-i-hope-people-will-take-out-is-the-extreme/) [Juan Enriquez](https://sms4smile.com/quotes/author/juan-enriquez/) > [It is clear to me that the financial sector, including CNBC, loves central banks](https://sms4smile.com/quotes/marc-faber/it-is-clear-to-me-that-the-financial-sector-including-cnbc-loves/) [Marc Faber](https://sms4smile.com/quotes/author/marc-faber/) > [From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an…](https://sms4smile.com/quotes/john-l-casti/from-the-1990s-onward-the-financial-sector-created-a-vast-array-of/) [John L. Casti](https://sms4smile.com/quotes/author/john-l-casti/) ## 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 Creation quotes > [“am not suggesting that successes in academics, athletics, or vocation somehow stand outside God’s good plan. Learning and play are joys that God himself…](https://sms4smile.com/quotes/timothy-paul-jones/am-not-suggesting-that-successes-in-academics-athletics-or-vocation/) [Timothy Paul Jones](https://sms4smile.com/quotes/author/timothy-paul-jones/) > [The capacity to be puzzled is the premise of all creation, be it in art or in science.](https://sms4smile.com/quotes/erich-fromm/the-capacity-to-be-puzzled-is-the-premise-of-all-creation-be-it-in/) [Erich Fromm](https://sms4smile.com/quotes/author/erich-fromm/) > [Let me tell you that atheism has never painted a masterpiece. Atheism has never dispelled fear. Atheism has never healed a disease; faith in…](https://sms4smile.com/quotes/john-hagee/let-me-tell-you-that-atheism-has-never-painted-a-masterpiece-atheism/) [John Hagee](https://sms4smile.com/quotes/author/john-hagee/) > [Perhaps no order of mammals presents us with so extraordinary a series of gradations as this \[step by step, from humans to apes to…](https://sms4smile.com/quotes/thomas-huxley/perhaps-no-order-of-mammals-presents-us-with-so-extraordinary-a/) [Thomas Huxley](https://sms4smile.com/quotes/author/thomas-huxley/) > [Like many other scientists who hold the Catholic faith, I see the Creator's plan and purpose fulfilled in our universe. I see a planet…](https://sms4smile.com/quotes/kenneth-r-miller/like-many-other-scientists-who-hold-the-catholic-faith-i-see-the/) [Kenneth R. Miller](https://sms4smile.com/quotes/author/kenneth-r-miller/) > [And wheresoever, in his rich creation, Sweet music breathes--in wave, or bird, or soul-- 'Tis but the faint and far reverberation Of that great…](https://sms4smile.com/quotes/frances-sargent-osgood/and-wheresoever-in-his-rich-creation-sweet-music-breathes-in-wave-or/) [Frances Sargent Osgood](https://sms4smile.com/quotes/author/frances-sargent-osgood/) > [I believe if there is a creator it will basically ask me two questions, how well did you enjoy my creation and what did…](https://sms4smile.com/quotes/stanley-victor-paskavich/i-believe-if-there-is-a-creator-it-will-basically-ask-me-two/) [Stanley Victor Paskavich](https://sms4smile.com/quotes/author/stanley-victor-paskavich/) > [With no other choices open to us, we'd turned our gaze seaward. The oceans were our America: they reached farther than any prairie, untamed…](https://sms4smile.com/quotes/carsten-jensen/with-no-other-choices-open-to-us-we-d-turned-our-gaze-seaward-the/) [Carsten Jensen](https://sms4smile.com/quotes/author/carsten-jensen/) > [In the quiet moments of your day, what do you think and do? When you are with your Self and no one else, how…](https://sms4smile.com/quotes/neale-donald-walsch/in-the-quiet-moments-of-your-day-what-do-you-think-and-do-when-you/) [Neale Donald Walsch](https://sms4smile.com/quotes/author/neale-donald-walsch/) > [The creation lives as genesis beneath the visible surface of the work. All intelligent people see this after the fact, but only the creative…](https://sms4smile.com/quotes/paul-klee/the-creation-lives-as-genesis-beneath-the-visible-surface-of-the-work/) [Paul Klee](https://sms4smile.com/quotes/author/paul-klee/) > [When I was in my teens I had a series of intensely religious experiences. They deepened my sense of God as the creator of…](https://sms4smile.com/quotes/andrew-linzey/when-i-was-in-my-teens-i-had-a-series-of-intensely-religious/) [Andrew Linzey](https://sms4smile.com/quotes/author/andrew-linzey/) > [If you are trying to live a life in accordance with the Bible, the concept and call to justice are inescapable. We do justice…](https://sms4smile.com/quotes/timothy-keller/if-you-are-trying-to-live-a-life-in-accordance-with-the-bible-the/) [Timothy Keller](https://sms4smile.com/quotes/author/timothy-keller/) > [I think that storytelling and creation are very close to what the center of what magic is about. I think not just for me,…](https://sms4smile.com/quotes/alan-moore/i-think-that-storytelling-and-creation-are-very-close-to-what-the/) [Alan Moore](https://sms4smile.com/quotes/author/alan-moore/) > [To be part of the creation, I must act humbly. I'll take that over a goddess any day!](https://sms4smile.com/quotes/maureen-o-hara/to-be-part-of-the-creation-i-must-act-humbly-i-ll-take-that-over-a/) [Maureen O'Hara](https://sms4smile.com/quotes/author/maureen-o-hara/) > [The country of Iraq is somewhat of an artificial creation going back to colonial days. And so you have the Kurds and then the…](https://sms4smile.com/quotes/james-clapper/the-country-of-iraq-is-somewhat-of-an-artificial-creation-going-back/) [James Clapper](https://sms4smile.com/quotes/author/james-clapper/) [Browse all 5,225 Creation quotes ](https://sms4smile.com/quotes/about/creation/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The financial sector is vital to the economy. 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