Quotes by Janet Yellen

About Janet Yellen:

Janet Louise Yellen is an American economist. She is the Chair of the Board of Governors of the Federal Reserve System, previously serving as Vice Chair from 2010 to 2014.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central b...

Janet Yellen

When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table.

Janet Yellen

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

Janet Yellen

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

Janet Yellen

Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.

Janet Yellen

I am anxious to fix welfare. There has to be more training and child care.

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.

Janet Yellen

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nomi...

Janet Yellen

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

Janet Yellen

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

Janet Yellen

It slightly worries me that when people find a problem, they rush to judgment of what to do.

Janet Yellen

People stop buying things, and that is how you turn a slowdown into a recession.

Janet Yellen

Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.

Janet Yellen

Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more rewarding for more of the people.

Janet Yellen

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Janet Yellen

One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks.

Janet Yellen

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

Janet Yellen

Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent.

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 and harm business planning.

Janet Yellen

Business students are very oriented to playing a role in the real world and accomplishing something, not training themselves to be scholars and contribute to the literature. Teaching in that kind of environment has focused me much more on the real wo...

Janet Yellen

Author Bio

  • NameJanet Yellen
  • DescriptionAmerican economist and professor
  • AliasesJanet Louise Yellen
  • BornAugust 13, 1946
  • CountryUnited States Of America
  • ProfessionEconomist; Professor
  • AwardsGuggenheim Fellowship; Fellow; Wilbur Cross Medal; Honorary Degree; Honorary Degree; 50 Most Influential; Adam Smith Award