American - Public | August 13, 1946 -
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
Janet Yellen
ChangeManufacturingEconomyPace
There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had some recovery in manufacturing employment as the economy's recovered.
GreatTimeLongLostManufacturing
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.
PathThinkDataLookImportantOwn
I've been collecting rocks since I was 8 and have over 200 different specimens.
RocksOverDifferentBeenCollecting
I studied piano for seven years and play for my own enjoyment.
PlayMy OwnYearsOwnPianoSeven
Firms are not always willing to cut wages, even if there are people lined up outside the gates to work. So why don't they?
WorkPeopleWhyOutsideAlwaysUp
When you hire a nanny, the question you ask yourself is, 'What's best for my precious child?' And do you really want someone who feels that your motive in life is to minimize the amount you spend on your child?
LifeBestYourselfChildSomeone
I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.
FinancialCrisisAlwaysUpPieces
My advice would be, as you consider fiscal policies, to keep in mind and look carefully at the impact those policies are likely to have on the economy's productive capacity, on productivity growth, and to the maximum extent possible, choose policies that would improve that long-run growth and productivity outlook.
GrowthMindImpactAdviceChoose
Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
FinancialCreditLateStartingKeep
In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008.
BeginningFallPlansAuthorityPay
Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.
ControlStrongTurnQuantityBreak
Copyright © 2024 QuotesDict Janet Yellen quotes