Janet Yellen Quotes
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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.
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It's extremely important for our banks to have more capital, higher quality capital.
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I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability.
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Are deviations from full employment a social problem? Obviously.
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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.
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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.
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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.
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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.
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A U.K. vote to exit the European Union could have significant economic repercussions.
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The extent of and continuing increase in inequality in the United States greatly concern me.
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I've been collecting rocks since I was 8 and have over 200 different specimens.
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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.
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An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.