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Janet Yellen Quotes
«[A more doctrinaire Fed chief wouldn't have allowed the economy to grow this fast, but Greenspan argued that technology was creating productivity gains that would allow rapid, inflation-free growth.] There were a lot of economists at the Fed who thought not tightening back then was very dangerous, ... The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.»
Author: Janet Yellen
«Those of you who lived through the 1970s will remember that higher oil prices touched off a wage-price spiral that pushed inflation into double-digit territory.»
Author: Janet Yellen
«There were a lot of economists at the Fed who thought not tightening back then was very dangerous. The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.»
Author: Janet Yellen
«I wouldn't be surprised to see core PCE inflation actually fall a bit over the next two years»
Author: Janet Yellen
«At this stage, wage and salary growth seems quite well contained, and I see no evidence of feedbacks from energy prices to wage bargaining,»
Author: Janet Yellen
«We all remember the bad old days of the 1970s ... the Fed's response went down as one of the greatest monetary policy mistakes in my lifetime,»
Author: Janet Yellen
«We all remember the bad old days of the 1970s ... the Fed's response went down as one the greatest monetary policy mistakes of my lifetime,»
Author: Janet Yellen
«They will simply be engaged in discussions of the Indonesian situation, and attempting to assess how things are going there and emphasizing the President's resolve that Indonesia take the necessary structural steps the IMF believes are necessary for recovery,»
Author: Janet Yellen
«Those of you who lived through the 1970's will remember that higher oil prices touched off a wage-price spiral that pushed inflation into double-digit territory,»
Author: Janet Yellen
«I see no evidence of feedbacks from energy prices to wage bargaining, ... The risk, though, is that, without appropriate policy, we could see a repetition of the 70's type dynamic.»
Author: Janet Yellen