Janet Yellen Quotes About Values

Quotes about: Values

• 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.

  Janet Yellen

  Opportunity, Thinking, Trends

  "RPT-UPDATE 2-Citing U.S. values, Yellen says greatly concerned by rise in economic inequality". www.reuters.com. October 17, 2014.

• 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.

• 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

  Judging, Ratios, Way

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