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Quote by Janet Yellen

“Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.”

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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“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.”

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