Janet Yellen Quotes

We will watch very carefully what is happening in the economy and adjust policies appropriate.

Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.

Now the truth is, a president really can't control the economy, although his policies do have some effect on it.

Washington doesn't understand interest rates and Wall Street doesn't understand Washington.

All policy is targeted in one way or another.

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

The American economy is like a huge aircraft carrier. It doen't turn fast. That's why you can't judge a new president by what happens in his early months.

It's really important that policy be properly designed. It's not enough just to.. .get angry over a subject.

It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.

The idea that we're going to austerity ourselves into prosperity is so mistaken, and honestly, I feel like one of the big problems we have is that, because Democrats don't have a deep understanding of or degrees in economics, they allow Wall Street folks to roll in the door and think that they're giving them an education.

I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability. But there are certain areas where surprise is a tool.

Though the demonetisation move should be welcomed, govt should have planned well in advance to ensure that no common man suffer.

Hank Paulson, obviously, had spent his career on Wall Street, had a deep knowledge of the Street, and also was a very forceful personality, had a very good relationship with the president, and was in a very different place, for example, than Ben Bernanke, who is an academic, quiet guy: spent most of his time thinking about monetary policy.

You have to have a sense of what it looks like, not from the point of view of the policymaker but from the point of view of those who are at the receiving end of your policies.

Fiscal policy is a very important part of the tool kit for policy makers.

In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity - just empty sermons.

Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.

Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.

We should not underestimate the enormity of the task which lies ahead. But little can be achieved without sound money. It is the bedrock of sound government.

In reality, I don't think that many of the policies we've attempted to apply to deal with it are going to have any serious effect.

China only did the biggest devaluation in 20 years, only for one reason. Because they could get away with it.

The government doesn't run the economy. The economy is run by the private sector. The job of the president is to ensure we [the state] have policies that allow the private sector to grow and prosper.

Printing currency for foreigners to buy is the best racket a government can get into.