Janet Yellen Quotes

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.

The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment.

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.

It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... the European Central Bank has only the first. It has no commitment to keep employment up.

For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment.

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in an uncertain economic environment, the employment and inflation goals.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.