Janet Yellen Quotes About Inflation

Quotes about: Inflation

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

  Janet Yellen

  Wise, Running, Target

  "Dear Janet Yellen, Raise The Inflation Target" by Matt Busigin, www.businessinsider.com. February 3, 201.

• 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

  Real, Average, Income

• The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.

  Janet Yellen

  Zero, Home, Average

  Janet Yellen's Speech At the Conference on Economic Opportunity and Inequality at the Federal Reserve Bank of Boston in Boston, Massachusetts, www.federalreserve.gov. October 17, 2014.

• 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

  Cutting, Yale, Grease

• 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

  Rising Prices, Goal, House

  "In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.

• 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

  Care, Employment, Inflation

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