Although we work through financial markets, our goal is to help Main Street, not Wall Street.
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.
Interpretation
What this quote means
Janet Yellen suggests that addressing economic inequality could benefit a larger segment of the population.
In this quote, Janet Yellen emphasizes the growing concern of economic inequality in the U.S. and underscores the importance of reevaluating economic policies. She advocates for taking calculated risks in order to create a more equitable economy that rewards a greater number of people, suggesting that this is a necessary step toward social and economic stability.
Themes
InequalityEconomyOpportunityRewardRisk
In practice
Example use cases
Discussing economic reforms in a political debate.
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.
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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.
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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.
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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.
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