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I want to be completely clear that I strongly oppose 'Audit the Fed.'
Janet Yellen -
I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability.
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 -
The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.
Janet Yellen -
A U.K. vote to exit the European Union could have significant economic repercussions.
Janet Yellen -
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.
Janet Yellen -
An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.
Janet Yellen -
We are focused on Main Street, on supporting economic conditions - plentiful jobs and stable prices - that help all Americans.
Janet Yellen
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The extent of and continuing increase in inequality in the United States greatly concern me.
Janet Yellen -
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 -
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 -
I've been collecting rocks since I was 8 and have over 200 different specimens.
Janet Yellen -
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