Janet Yellen Quotes

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

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.

For the first time the committee [Federal Reserve] was using communication — mere words — as its primary monetary policy tool.

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

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

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

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

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

The job of the Central Bank is to worry.

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

We made a decision that monetary policy will be made by an independent European Central Bank.

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

Interest rates are used to achieve overall economic stability.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

Monetary policy is not a panacea.

I’ve always been a little nervous about the Fed. Quite frankly, I’m a little nervous about the degree of their independence.

Monetary policy and fiscal policy are inseparable.

My gracious, here I am the new chairman ... and I haven't the faintest idea of how you control the money supply. Yet everyone thinks I have it at my fingertips.

The Federal Reserve's job is to take away the punch bowl just when the party gets going.

The worst failures of the Federal Reserve have come from waiting too long tp tighten monetary policy during expansions, not from loosening it too much during recessions.

Once an economy reaches a certain level of acceleration... the Fed is no longer with you... The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are and starts worrying about inflation and things getting too hot.

I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.

This bill, the Sound Dollar Act, is all about looking forward about the role the Fed should play.