Author

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.

From Janet Yellen

A pickup in demand in many advanced economies and a stabilization in commodity prices should, in turn, boost the growth prospects of emerging market economies.

From Janet Yellen

If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about which you are passionate, dedicate yourself to that purpose.

From Janet Yellen

Yankee Stadium is a natural venue for another lesson: You won't succeed all the time. Even Ruth, Gehrig, and DiMaggio failed most of time when they stepped to the plate. Finding the right path in life, more often than not, involves some missteps.

From Janet Yellen

Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession.

From Janet Yellen

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

From Janet Yellen

A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.

From Janet Yellen

As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.

From Janet Yellen

The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.

From Janet Yellen

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

From Janet Yellen

Janet Yellen

Notable Quotes

Authors with Similar Views

Ben Bernanke

Alex Berenson

Raghuram Rajan

James Surowiecki

John W. Snow

Authors with Opposing Views

Ben Bernanke

Edmund Phelps

Rodrigo Rato

Wilbur Ross

Adam Davidson