Janet Yellen Quotes


Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent.


Citations

Yellen, Janet L. "A View of the Economic Crisis and the Federal Reserve's Response." Speech to the Commonwealth Club of California, San Francisco, California, 30 June 2009.

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Janet Yellen
Janet Yellen
  • Born: August 13, 1946
  • Nationality: American
  • Profession: Public Servant

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.