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Quote by Janet Yellen

“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.”

Quote by Janet Yellen

Author

Janet Yellen is a distinguished economist born on August 13, 1946. She has a profound academic background and extensive practical experience in the field of economics, serving as the Chair of the Federal Reserve System in the United States, which has had a profound impact on global financial policy. more

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“Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.”

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“In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.”

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“Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?”

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“My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.”

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“I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.”

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“Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.”

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“Deficit spending is simply a scheme for the confiscation of wealth.”

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“I never thought being the producer was being the dictator. It means being the director and being the coach. It's a way of keeping everybody focused on the goal, and also having final say. Everybody can be in the same car, but somebody has to drive.”

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“No trouble, no matter how great the trouble is, should prevent you from praying.”

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“Education is not success but it is to help us succeed.”

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