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Janet Yellen Quotes


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Quotes by Janet Yellen

Showing 31-40 of 132 Quotes by Janet Yellen

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

~Janet Yellen

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In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

~Janet Yellen

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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.

~Janet Yellen

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

~Janet Yellen

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Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent.

~Janet Yellen

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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

~Janet Yellen

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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.

~Janet Yellen

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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.

~Janet Yellen

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

~Janet Yellen

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People stop buying things, and that is how you turn a slowdown into a recession.

~Janet Yellen

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Biography

Nationality: American

Type: Public Servant

Born: August 13th, 1946

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