Janet Yellen Quotes

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

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.

Monetary stability is a cornerstone of the social contract.

It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

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

The job of the Central Bank is to worry.

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

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.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

A good monetary policy follows inflationary expectations and not historical numbers.

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

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

Interest rates are used to achieve overall economic stability.

Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.

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.

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Domestic inflation reflects domestic monetary policy.

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.

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

Requiring the Fed to focus on preserving the purchasing power of the dollar will create a solid foundation for economic growth.

It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to occasionally disagree with the most powerful people in the country.