We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy Janet Yellen More Quotes by Janet Yellen More Quotes From Janet Yellen Are deviations from full employment a social problem? Obviously. Janet Yellen employment problem social Prospects for growth in the year ahead are solid at the national level, and of course, this can only be good news for the Bay Area and California as well. The U. S. economy has shown remarkable resilience in the face of some severe shocks - in particular, the surge in energy prices that began a couple of years ago and the devastation wrought by the twin hurricanes last summer. Janet Yellen california couple summer I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery. Janet Yellen recovery strong would-be [A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013 Janet Yellen wealth financial two The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U.S. economy—while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward. Janet Yellen lines mean thinking Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent. Janet Yellen order believe thinking We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks. Janet Yellen banking maturity shadow Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job. Janet Yellen habit skills jobs I am anxious to fix welfare. There has to be more training and child care. Janet Yellen training care children After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. …By comparison, the average real income of the other 95% of households grew less than 10%. Janet Yellen income real average One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks. Janet Yellen ratios judging way In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions. Janet Yellen boards decision jobs The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013. Janet Yellen income wealth half Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers. Janet Yellen grease cutting yale Obviously The President has the right to comment on the The Federal Reserve, but I would worry that if it continues or intensifies, it could undermine confidence in The Federal Reserve. Janet Yellen top-news 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 politics I certainly don't regard it as a mistake. Janet Yellen company-news On balance that’s led and I think it will continue to lead to growth that is somewhat above trend and on a continuing path of labor market improvement. Janet Yellen most-read-articles Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession. Janet Yellen latest-headlines When the Committee begins to normalize the stance of policy, doing so will be a testament ... to how far our economy has come, in that sense, it is a day that I expect we all are looking forward to. Janet Yellen business
