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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
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A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level of reserves in the banking sector. While adjusting the IOER rate is an effective way to move market interest rates when reserves are plentiful, federal funds have generally traded below this rate.
Janet Yellen
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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
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For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
Janet Yellen
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Sometimes you have to make decisions without knowing all that you would like to know That's part of the job.
Janet Yellen
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I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to a premature conclusion about what's in store for the U.S. economy.
Janet Yellen
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The extent of and continuing increase in inequality in the United States greatly concern me.
Janet Yellen
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An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.
Janet Yellen
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I've been collecting rocks since I was 8 and have over 200 different specimens.
Janet Yellen
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A U.K. vote to exit the European Union could have significant economic repercussions.
Janet Yellen
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I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.
Janet Yellen
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Access to capital is important for all firms, but it's particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.
Janet Yellen
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Are deviations from full employment a social problem? Obviously.
Janet Yellen
