My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation. Janet Yellen affectassetbank Change image and share on social
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. Janet Yellen builderbusinessbuyer share on social
Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with. Janet Yellen capitaldependfactor Change image and share on social
One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks. Janet Yellen analogouscommondividend share on social
In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses. Janet Yellen achieveapplybusiness share on social
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession. Janet Yellen accelerateagingbaby share on social
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing. Janet Yellen businesschaincredit Change image and share on social
While admirers of capitalism, we also to a certain extent believe it has limitations that require government intervention in markets to make them work. Janet Yellen admirercapitalismextent Change image and share on social
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful. Janet Yellen contributedisruptivegrowth Change image and share on social
The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress. Janet Yellen commitcommitteecongress Change image and share on social
