I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment. Janet Yellen bankcarecentral Change image and share on social
Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices. Janet Yellen accountbudgetchange Change image and share on social
Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job. Janet Yellen acquireemployableextend Change image and share on social
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation. Janet Yellen commonlycoredescribe 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
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. Janet Yellen humaneinflationoccasionally Change image and share on social
It slightly worries me that when people find a problem, they rush to judgment of what to do. Janet Yellen findjudgmentpeople Change image and share on social
In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things. Janet Yellen benefitcheapeconomy Change image and share on social
When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table. Janet Yellen findhardjob Change image and share on social
The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York. Janet Yellen annuallyauditauditor share on social