I really think it is not a desirable thing for a president to comment so explicitly on The Fed policy, obviously, presidents can speak out if they choose to and give their opinions about policy, there's no law against that, but I don't think it's wise and I do think The Fed has a strong reputation for acting in an independent and non-political way and I would not like to see that reputation damaged.

Janet Yellen

More Quotes by Janet Yellen
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More Quotes From Janet Yellen
An advantage to beginning a little bit earlier is that we might h... by Janet Yellen

An advantage to beginning a little bit earlier is that we might have a more gradual path.

Janet Yellen
business

Economic conditions are anticipated to evolve in a manner that will only require gradual increases in the federal funds rate.

Janet Yellen
company-news

We’re trying to ... communicate as clearly (as possible) about our monetary policy so we don’t take markets by surprise.

Janet Yellen
top-news

We could see a sharp jump in long-term rates. So we're trying to ... communicate as clearly about our monetary policy so we don't take markets by surprise.

Janet Yellen
company-news

Nothing Medley Global Advisors reported in October ... could have been conveyed in June, and let me assure you that, in any case, I did not convey any confidential information.

Janet Yellen
business
We'll certainly cooperate and try to provide them the information... by Janet Yellen

We'll certainly cooperate and try to provide them the information that they seek.

Janet Yellen
politics

Global experience shows that giving central banks independenc e to make monetary policy decisions that they think are in the best interests of the country and consistent with their mandates leads to lower inflation and more stable macroeconomic outcomes.

Janet Yellen
politics

The economic and financial news has been grim, things are now so bad that I actually open the Greenbook with greater trepidation than my 401(k).

Janet Yellen
business

I certainly hope that (the GAO exemption) will continue and I will try to forcefully make the case to why it is important.

Janet Yellen
politics

By the time of liftoff, participants expect to see some further decline in the unemployment rate and additional improvement in labor market conditions.

Janet Yellen
top-news
I see the spillover as pretty small but we're obviously watching... by Janet Yellen

I see the spillover as pretty small but we're obviously watching that closely.

Janet Yellen
top-news

Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.

Janet Yellen
qualitytechnologyworkknowledge

The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.

Janet Yellen
greatcommunicationchallengesworld
People stop buying things, and that is how you turn a slowdown in... by Janet Yellen

People stop buying things, and that is how you turn a slowdown into a recession.

Janet Yellen
stopthingsyoupeople

Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in asset markets and diversify their holdings.

Janet Yellen
mutual-fundsopportunitiesfinancial

When you hire a nanny, the question you ask yourself is, 'What's best for my precious child?' And do you really want someone who feels that your motive in life is to minimize the amount you spend on your child?

Janet Yellen
yourselfbestyoulife

It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.

Janet Yellen
needfocusmoving-forwardmoving

Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I believe a macro-prudential approach to supervision and regulation needs to play the primary role.

Janet Yellen
resulti-believeplaybelieve

Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government.

Janet Yellen
morebettergovernmentunderstanding

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.

Janet Yellen
endgreatprogressdepression