Janet Yellen Quotes - Page 2

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• I am anxious to fix welfare. There has to be more training and child care.

  Janet Yellen

  Children, Training, Care

  4 Copy quote

• 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

  Believe, Thinking, Order

  "The Outlook for the Economy and Monetary Policy". Janet Yelle's Speech to the Burnham-Moores Center at the University of San Diego in San Diego, California, www.frbsf.org. February 22, 2010.

  4 Copy quote

• 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

  4 Copy quote

• 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.

  Janet Yellen

  Mean, Thinking, Lines

  7 Copy quote

• [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

  Two, Financial, Wealth

  8 Copy quote

• 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

  Maturity, Shadow, Banking

  4 Copy quote

• 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

  Jobs, Skills, Habit

  "A Painfully Slow Recovery for America's Workers: Causes, Implications, and the Federal Reserve's Response" by Janet L. Yellen, www.federalreserve.gov. February 11, 2013.

  4 Copy quote

• 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

  4 Copy quote

• 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

  Jobs, Decision, Boards

  18 Copy quote

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

  Janet Yellen

  Income, Half, Wealth

  4 Copy quote

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