Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires. Janet Yellen Read Quote
A U.K. vote to exit the European Union could have significant economic repercussions. Janet Yellen Read Quote
Monetary policy will, as always, respond to the economy’s twists and turns so as to promote, as best as we can in an uncertain economic environment, the employment and inflation goals. Janet Yellen Read Quote
Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies. Janet Yellen Read Quote
Housing is a relatively small sector of the economy, and its decline should be self-correcting. Janet Yellen Read Quote
In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009. Janet Yellen Read Quote
Over a long period of time, technological change is something that has been important in reducing manufacturing employment – absolutely and as a share of jobs in the economy. Janet Yellen Read Quote
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 Read Quote
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. Janet Yellen Read Quote
In my junior year, I studied geology on Saturday mornings at the Museum of Natural History. Mineralogy has always been a major interest. Janet Yellen Read Quote
