Top Janet Yellen Quotes - Quotesmemo.com

Janet Yellen Biography

Janet Louise Yellen (born August 13, 1946) is an American economist. She served as the Chair of the Board of Governors of the Federal Reserve System from 2014–2018, previously serving as Vice Chair from 2010 to 2014. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton; and business professor at the University of California, Berkeley, Haas School of Business.

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Janet Yellen Quotes

Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.

Businesses, Credit, Inventory, Practice, Sales, Tight

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

Bank, Care, Employment, Inflation, Pure, Thing

The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.

Income, Majority, Past, Stagnant, Top

If it were possible to take interest rates into negative territory I would be voting for that.

Negative, Possible, Rates, Voting, Would Be

Are deviations from full employment a social problem? Obviously.

Employment, Full, Problem, Social

The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013.

Half, Households, Income, Wealth

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

Banks, Increase, Maturity, Needs, Shadow, Transformation

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.

Changes, Cutting, Grease, Requiring, Yale

We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy

Bitcoin, Federal, Popularity, View, Views

Prospects for growth in the year ahead are solid at the national level, and of course, this can only be good news for the Bay Area and California as well. The U. S. economy has shown remarkable resilience in the face of some severe shocks - in particular, the surge in energy prices that began a couple of years ago and the devastation wrought by the twin hurricanes last summer.

California, Couple, Course, Growth, Summer, Years

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Humane, Occasionally, Rise, Running, Target, Wise

By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that time span and probably higher than for much of American history before then.

Average, Past, Wealth, Years

It slightly worries me that when people find a problem, they rush to judgment of what to do.

Judgment, People, Problem, Slightly, Worries, Worry

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

Absence, Capitalist, Capitalist Economy, Employment, Intervention, Routine

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%.

Adjusting, Average, Grew, Households, Income, Real

Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?

Ask, Boards, Cutting, Employees, Trying, Wage

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.

Disruptive, Growth, Painful, Productivity, Sides

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. . . . the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013

Financial, Households, Two, Wealth

The distribution of wealth is even more unequal than that of income. . . . The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution families that in 2013 had a net worth between $81,000 and $1. 9 million held 43% of wealth in 1989 and only 36% in 2013.

1989, Half, Income, Net, Rose, Survey

The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U. S. economy—while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward.

Cause, Concerns, Mean, Might, Stabilizing, Thinking

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