Janet Yellen Quotes
Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of unemployment is worse when it is experienced as part of a longer spell.
Yellen, Janet L. "A Painfully Slow Recovery for America's Workers: Causes, Implications, and the Federal Reserve's Response." Board of Governors of the Federal Reserve System, 11 Feb. 2013.
This is a statement that in the early 21st century would be made only by ultra liberals. But in the in the late 1940’s this was not only standard democratic party thinking, but a large number of Republicans thought of the Government as the employer of last resort including their Presidential standard bearer.
Although this was one of his comic routines, he claimed it was true.
This surprising quotation, along with others a far from main steam American views (See {623830} ) assured her election defeat.
The mayor was explaining why he established a high-speed, municipal broadband wireless Internet connectivity in a town of only 6 thousand people. There had been none because the private sector didn’t think that they could make money in Scottsburg. A few companies were thinking of moving to a place where they could get modern technological communications tools.
Janet Louise Yellen is an American economist, civil servant and policymaker serving as the United States secretary of the treasury since January 26, 2021. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either role. She is also a professor emerita at Haas School of Business at the University of California, Berkeley, and formerly a distinguished fellow in residence at the Brookings Institution.
