Although we work through financial markets, our goal is to help Main Street, not Wall Street.
Janet YellenRead
Policies to strengthen education and training, to encourage entrepreneurship and innovation, and to promote capital investment, both public and private, could all potentially be of great benefit in improving future living standards in our nation.
Interpretation
What this quote means
Effective policies can enhance education, foster innovation, and improve living standards.
Janet Yellen emphasizes the importance of comprehensive policies that focus on strengthening education and training, encouraging entrepreneurship, and attracting capital investment. Such measures are seen as vital for enhancing the living standards of a nation in the future, highlighting the interconnectedness of education, economic growth, and societal well-being.
Themes
EducationEntrepreneurshipInnovationInvestmentLiving Standards
In practice
Example use cases
During a conference on national development, this quote can be used to stress the importance of educational policy.
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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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.
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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.
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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