The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013. Janet Yellen More Quotes by Janet Yellen More Quotes From Janet Yellen Housing wealth - the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most important source of wealth for all but those at the very top. Janet Yellen valuedebtwealthimportant An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity. Janet Yellen inequalityimportantopportunitytime I've been collecting rocks since I was 8 and have over 200 different specimens. Janet Yellen overbeenrocksdifferent I want to be completely clear that I strongly oppose 'Audit the Fed.' Janet Yellen auditfedclearwant Audit the Fed is a bill that would politicize monetary policy, would bring short-term political pressures to bear on the Fed. In terms of openness about our financial accounts, we are extensively audited. Janet Yellen auditbearfinancialpolitical Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell. Janet Yellen highunemploymentseriousaction 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. Janet Yellen yourselffeeljobyou 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. Janet Yellen willfutureunexpectedpath While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work. Janet Yellen capitalismgovernmentworkbelieve The trust institutions have in the marketplace, the confidence customers and suppliers and workers and employees have, are very important to a business's effectiveness. Janet Yellen confidencetrustimportantbusiness Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation. Janet Yellen predictchangesenergyfood The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York. Janet Yellen newsecuritybalancenew-york
