Janet Yellen Quotes
Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.
Yellen, Janet L. "Perspectives on Inequality and Opportunity from the Survey of Consumer Finances." Federal Reserve Bank of Boston, Board of Governors of the Federal Reserve System, 17 Oct. 2014.
See {634641} for Norquist’s quote.
In 1924 Congress voted a bonus to all veterans but refused to pay it until 1945. With the privation of the Depression, 15,000 poverty stricken veterans marched on Washington, and set up camps. The Army, under General Douglas MacArthur with George Patton leading the Calvary, attacked the protesters camp and burned them out injuring many. President Hoover got the blame but MacArther did not obey Hoover’s orders not to cross the bridge to the camp. He was in character as was his aide Major Dwight D. Eisenhower who tried to dissuade MacArthur from attacking to no avail.
Biddle and President Andrew Jackson were in a major struggle about banking in the United States in general a Bank of the United States in particular.
Janet Louise Yellen is an American economist, civil servant and policymaker serving as the United States secretary of the treasury since January 26, 2021. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either role. She is also a professor emerita at Haas School of Business at the University of California, Berkeley, and formerly a distinguished fellow in residence at the Brookings Institution.