Although we work through financial markets, our goal is to help Main Street, not Wall Street.
Janet YellenRead
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.
Interpretation
What this quote means
Inspiring confidence and credibility is essential in government, education, and business.
This quote by Janet Yellen emphasizes the importance of building trust and credibility in various leadership roles, such as in government institutions, education, and businesses. By clearly articulating what actions are being taken and the rationale behind them, leaders can inspire confidence in their stakeholders, which is crucial for effective governance and successful management.
Themes
ConfidenceCredibilityLeadershipCommunicationTrust
In practice
Example use cases
During a presentation on new policies, a leader could quote Janet Yellen to emphasize the need for clear communication.
More from Janet Yellen
All quotes →We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
Janet YellenRead
A clear lesson of history is that a 'sine qua non' for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.
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Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government.
Janet YellenRead
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 YellenRead
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.
Janet YellenRead
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