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Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.
Janet Yellen
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We will watch very carefully what is happening in the economy and adjust policies appropriate.
Janet Yellen
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In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008.
Janet Yellen
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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.
Janet Yellen
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When I was very young, my father had an accident. He fell down a flight of stairs, fractured his skull, and lost sight in one eye.
Janet Yellen
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The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.
Janet Yellen
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Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Janet Yellen
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I am anxious to fix welfare. There has to be more training and child care.
Janet Yellen
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It's pretty rare to just talk to people who are having a tough time in the economy, to hear their individual stories.
Janet Yellen
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Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices.
Janet Yellen
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Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.
Janet Yellen
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Policies to strengthen education and training, to encourage entrepreneurship and innovation, and to promote capital investment, both public and private, could all potentially be of great benefit in improving future living standards in our nation.
Janet Yellen
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Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession.
Janet Yellen
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As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
Janet Yellen
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My parents were born in 1906 and 1907. I think the experience of the Depression greatly influenced the way they thought about the world.
Janet Yellen
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The Fed should not be responding to the ups and downs of the markets, and it is certainly not our policy to do so. But when there are significant financial developments, it's incumbent on us to ask ourselves what is causing them.
Janet Yellen
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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 at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.
Janet Yellen
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I want to be completely clear that I strongly oppose 'Audit the Fed.'
Janet Yellen
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The trust institutions have in the marketplace, the confidence customers and suppliers and workers and employees have, are very important to a business's effectiveness.
Janet Yellen
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In my junior year, I studied geology on Saturday mornings at the Museum of Natural History. Mineralogy has always been a major interest.
Janet Yellen
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Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.
Janet Yellen
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It is hard to have great confidence in predicting what market reactions to Fed decisions will be.
Janet Yellen
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People stop buying things, and that is how you turn a slowdown into a recession.
Janet Yellen
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I studied piano for seven years and play for my own enjoyment.
Janet Yellen
