Author

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.

From 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?

From Janet Yellen

Although we work through financial markets, our goal is to help Main Street, not Wall Street.

From Janet Yellen

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

From Janet Yellen

When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table.

From 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.

From Janet Yellen

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

From Janet Yellen

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

From Janet Yellen

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

From Janet Yellen

As a general principle, the American people would be well served by the active pursuit of effective policies to support longer-run growth in productivity.

From Janet Yellen

Janet Yellen

Notable Quotes

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