Janet Yellen, Chairman, Federal Reserve Bank, Describing the Federal Reserve Bank’s Change of Style in 2001 when the nation was recovering from a recession, Quoted in Douglas R. Holmes, “How the Fed Learned to Talk”, New York Times, February 2, 2014
Eigen's Political and Historical Quotations
|Communication has become a fulcrum of policy [of the Federal Reserve]. Policy makers shape expectations and, thus, economic behavior.||Douglas R. Holmes|
|Since I’ve become a central banker, I’ve learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.||Alan Greenspan|
Janet Louise Yellen is an American economist who served as the Chair of the Board of Governors of the Federal Reserve System from 2014–2018, and as Vice Chair from 2010 to 2014. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton; and business professor at the University of California, Berkeley, Haas School of Business.