Although we work through financial markets, our goal is to help Main Street, not Wall Street.
Janet YellenRead
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?
Interpretation
The quote emphasizes the importance of prioritizing the well-being of your child when making caregiving decisions.
Janet Yellen's quote highlights the critical considerations parents must make when hiring a nanny. It underscores that the primary concern should be the best interest of the child rather than the cost of care. This statement reflects the value placed on thoughtful, quality caregiving, contrasting it with a perception of frugality that may compromise a child's needs.
In practice
During a parenting workshop discussing the role of caregivers.
Although we work through financial markets, our goal is to help Main Street, not Wall Street.
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.
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.
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.
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.
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.
No parent is perfect; we all can look back and think of things we could've done to help our children be better prepared for adulthood. And sometimes it's best to admit it to them and encourage them to learn from our mistakes.
My family is no different from yours. We may be different from the geography that we come from. Some of you all may pray differently than I do, some of you all may be from a different ethnicity, but we all have the same story.
I'll be a wife and mother first, then First Lady.
I'm not thuggin' for me, I'm thuggin' for my family, I pay all the bills, I feed my whole family, wrong or right, I do and I can't stop.
If you want to see mankind fully, look at a family. Within the family minds become organically one, and for this reason the family is total poetry.
Having a child, particularly your first child, is such a life-changing moment. Nothing can really prepare you for that.
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