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
What this quote means
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.
Themes
NannyChildCareParentingWell-Being
In practice
Example use cases
During a parenting workshop discussing the role of caregivers.
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.
Janet YellenRead
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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