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Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
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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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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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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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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It's extremely important for our banks to have more capital, higher quality capital.
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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Are deviations from full employment a social problem? Obviously.
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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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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An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.
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
