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Quote by Janet Yellen

“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.”

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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“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.”

“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.”

Way Values Lines Common Judging Fundamentals Housing Ratios Dividends

Author:Janet Yellen

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

Long Term Economy Workers Long Term Unemployment

Author:Janet Yellen

“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.”

Needs Government Principles Teaching Achieve Inspire Institutions Credibility

Author:Janet Yellen

“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?”

Ifs Feels Trying Littles Hard Body Asks Pay Cutting Policy Needed Behavior Quitting Firm Boards Employee Unfair Unemployment Behalf Dissatisfied

Author:Janet Yellen

“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.”

Should House Goal Lines Policy Bottom Employment Rising Assets Inflation Bottom Line Monetary Variables Output Central Banks Monetary Policy Rising Prices

Author:Janet Yellen

“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.”

Care Pure Employment Inflation Mandates Central Banks

Author:Janet Yellen

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

Way Practice Productions Credit Manage Chains Inventory Supply Chain Staffing

Author:Janet Yellen

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

Wealth Money Gold Spending Schemes Inflation Deficit Property Rights Banking System Money And Power Monetary System Gold Standard Deficit Spending Buying Gold

Author:Alan Greenspan

“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.”

Way Mean Goal Car Directors Finals Focused Coaches Producers Dictator

Author:Paul Stanley