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“ The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy. ”

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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

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The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.

~ Janet Yellen

Janet Yellen Government Political

There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.

~ Janet Yellen

Janet Yellen Age Old Age Die

I don't feel that I've faced discrimination. I've had every chance to succeed and more, and I think that's what all women should have.

~ Janet Yellen

Janet Yellen Women Discrimination Think