29+ Janet Yellen Quotes On Education, Government And Economy

Janet Yellen is an American economist who served as the Chair of the Federal Reserve from 2014 to 2018. She was the first woman to lead the Federal Reserve and is widely respected for her expertise in monetary policy. Yellen is currently a Distinguished Fellow in Residence at the Brookings Institution. Following is our collection on famous quotes by Janet Yellen on education, government, leadership.

Top 10 Janet Yellen Quotes

1. Listening to others, especially those with whom we disagree, tests our own ideas and beliefs. It forces us to recognize, with humility, that we don't have a monopoly on the truth.
2. I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans have traditionally placed on equality of opportunity.
3. In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.
4. Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.
5. To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
6. 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.
7. 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.
8. Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
9. Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
10. My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

Janet Yellen Short Quotes

• Are deviations from full employment a social problem? Obviously.
• I am anxious to fix welfare. There has to be more training and child care.
• If it were possible to take interest rates into negative territory I would be voting for that.
• It slightly worries me that when people find a problem, they rush to judgment of what to do.

Janet Yellen Famous Quotes And Sayings

For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened. — Janet Yellen

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

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

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 — Janet Yellen

I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery. — Janet Yellen

[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 — Janet Yellen

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

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

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? — Janet Yellen

One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks. — Janet Yellen

Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job. — Janet Yellen

In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses. — Janet Yellen

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

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. — Janet Yellen

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. — Janet Yellen

Life Lessons by Janet Yellen

1. Janet Yellen's work demonstrates the importance of understanding the complexities of the global economy and the need for careful policy-making to ensure economic stability.
2. Her research also highlights the need for policy makers to consider the potential impacts of their decisions on a wide range of stakeholders.
3. Yellen's work also emphasizes the importance of collaboration between government, business, and academia to ensure the best outcomes for all.