Janet Yellen Quotes
We necessarily operate in an environment in which there's a great deal of uncertainty. In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes. That's one reason I favor a cautious approach.
Yellen, Janet L. "The Outlook, Uncertainty, and Monetary Policy." The Economic Club of New York, Board of Governors of the Federal Reserve System, 29 Mar. 2016.
In this particular case Griffin was referring to manned space flight, but the principle is a general one. Risk can be managed and in many cases minimized, but can never be eliminated completely unless virtually all activity ceases.
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.
