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I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery.

Janet Yellen

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Janet Yellen
Age: 78
Born: 1946
Born: August 13
Banker
Economist
Politician
Professor
Brooklyn
New York
Janet Louise Yellen
Janet L. Yellen
Janet L Yellen
Would
Recovery
Strongly
Committed
Consider
Imperative
Continue
Robust
Economic
Imperatives
Working
Promoting
Strong
Promote

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Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more rewarding for more of the people.
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For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.
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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.
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Are deviations from full employment a social problem? Obviously.
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If it were possible to take interest rates into negative territory I would be voting for that.
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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.
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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
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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.
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