Author

Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data surprises typically induce changes in market expectations about the likely future path of policy, resulting in movements in bond yields that act to buffer the economy from shocks.

From Janet Yellen

The outlook for the economy, as always, is highly uncertain.

From Janet Yellen

It seems to me that women have made an awful lot of progress, but they probably remain underrepresented at the highest levels of most organizations, for a variety of reasons. And it's probably going to take a long time to change that.

From Janet Yellen

To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the Fed because this is such a competent, professional and well-respected organization.

From Janet Yellen

I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.

From Janet Yellen

American workers have faced serious difficulties in the labor market since the first oil shock in 1973. Since that time, the pace of productivity advance has slowed for reasons which are still not understood, lowering the rate at which living standards have advanced.

From Janet Yellen

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.

From Janet Yellen

Monetary policy ultimately must be conducted in a pragmatic manner that relies not on any particular indicator or model but, instead, reflects an ongoing assessment of a wide range of information in the context of our ever-evolving understanding of the economy.

From Janet Yellen

Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.

From Janet Yellen

A U.K. vote to exit the European Union could have significant economic repercussions.

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