Janet L. Yellen - Federal Reserve System

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Last quote by Janet L. Yellen

I don't know if it's causal or symptomatic of long-running economic maladies that have affected these communities and particularly affected workers who have seen their job opportunities decline.feedback
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Jul 13 2017
Janet L. Yellen has been quoted 165 times. The one recent article where Janet L. Yellen has been quoted is Americans are hoarding money in checking accounts. Most recently, Janet L. Yellen was quoted as having said, “If banks can make more spread, they may also make more loans.”.
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Janet L. Yellen quotes

Jul 13 2017 - Federal Reserve

I don't see anything inherent in the nature of the expansion that suggests it will come to an end anytime soon.feedback

Jul 12 2017 - Federal Reserve

Because the neutral rate is currently quite low by historical standards, the federal funds rate would not have to rise all that much further to get to a neutral policy stance. Because we also anticipate that the factors that are currently holding down the neutral rate will diminish somewhat over time, additional gradual rate hikes are likely to be appropriate over the next few years to sustain the economic expansion and return inflation to our 2 percent goal.feedback

Jul 12 2017 - Federal Reserve

To my mind, a prudent course is to make some adjustments as long as our forecast is that we're heading back to 2pc.feedback

Jul 12 2017

Because the neutral rate is currently quite low by historical standards, the federal funds rate would not have to rise all that much further to get to a neutral policy stance.feedback

Jul 12 2017 - Federal Reserve

What I previously said is that I absolutely intend to serve out my term.feedback

Jul 12 2017 - Federal Reserve

Wages and jobs of middle class families that have seen diminishing opportunities and downward pressure on middle class wages, we have to take effect of the technological change that have eliminated middle income jobs and globalization that has reinforced the impact of tech.feedback

Jul 12 2017 - Federal Reserve

For many years, many American companies have been sitting on a lot of cash and have been unwilling to undertake investment in the scale we would ideally like to see.feedback

Jul 12 2017 - Federal Reserve

Monetary policy is not on a pre-set course. We're watching it very closely and stand ready to adjust our policy if it appears that the inflation undershoot will be persistent.feedback

Jul 12 2017 - Federal Reserve

Temporary factors appear to be at work. It's premature to reach the judgement that we're not on the path to 2 percent inflation over the next couple of years. As we indicate in our statement, it's something we're watching very closely, considering risks around the inflation outlook.feedback

Jul 12 2017

The committee would be prepared to use its full range of tools, including altering the size and composition of its balance sheet, if future economic conditions were to warrant a more accommodative monetary policy than can be achieved solely by reducing the federal funds rate.feedback

Jul 12 2017

It is not. I've submitted my statement for the record and I'm not going to repeat it here this morning. I thought I would just offer some very brief introductory remarks and then I would welcome your questions.feedback

Jul 12 2017 - Federal Reserve

Considerable uncertainty always attends the economic outlook.feedback

Jul 12 2017

At present, I see roughly equal odds that the U.S. economy's performance will be somewhat stronger or somewhat less strong than we currently project.feedback

Jul 12 2017 - Federal Reserve

Looking ahead, my colleagues on the F.O.M.C. and I expect that, with further gradual adjustments in the stance of monetary policy, the economy will continue to expand at a moderate pace over the next couple of years.feedback

Jul 12 2017 - Federal Reserve

We have a relatively light regulatory agenda at this point.feedback

Jul 12 2017 - Federal Reserve

A strengthening in economic growth abroad has provided important support for U.S. manufacturing production and exports.feedback

Jul 12 2017 - Federal Reserve

Such prescriptions cannot be applied in a mechanical way. Their use requires careful judgments.feedback

Jul 05 2017 - Federal Reserve

We're not targeting financial conditions. We're trying to generate paths for employment and inflation that meet our mandated objectives.feedback

Jun 27 2017 - Federal Reserve

We think it will be appropriate for the attainment of our goals to raise interest rates very gradually to levels that are likely to remain quite low, although there is uncertainty about this, to remain low by historical standards for a long time.feedback

Jun 27 2017 - Federal Reserve

By standard metrics, some asset valuations look high but there's no certainty about that.feedback

Jun 27 2017 - Federal Reserve

I would say that I've got a good working relationship [with Mnuchin]. I've found solid respect for the independence of the Fed.feedback

Jun 27 2017

I think the system is much safer and much sounder. We are doing a lot more to try to look for financial stability risks that may not be immediately apparent but to look in corners of the financial system that are not subject to regulation, outside those areas in order to try to detect threats to financial stability that may be emerging.feedback

Jun 27 2017

I think the public can see the capital positions of the major banks are very much stronger this year. All of the firms passed the quantitative parts of the stress tests.feedback

Jun 27 2017

After the financial crisis, those who see the damage in that type of thinking have played a major role in ensuring that we have a more appropriate system of supervision and regulation, hopefully for a good long time.feedback

Jun 27 2017

Both of these things have been quite harmful to a very large share of the population. Trade can be good, and it has been good. But there are losers, and it's challenging to design interventions that would help the losers.feedback

Jun 22 2017 - Trump Presidency

I would say that based on my observation of actual spending behavior and my discussions with our wide range of contacts that I haven't seen very much evidence that thus far expectations of policy changes have driven substantial changes in either consumer spending or investment spending.feedback

Jun 19 2017

We are concerned that releasing all details on the models would give banks an incentive to adjust their business practices in ways that change the results of the stress test without changing the risks faced by the firms. The result could be less effective stress tests.feedback

Jun 16 2017 - Federal Reserve

We want to keep the expansion on a sustainable path and avoid the risk that ... we find ourselves in a situation where we've done nothing, and then need to raise the funds rate so rapidly that we risk a recession. But we are attentive to the fact that inflation is running below our 2 percent objective.feedback

Jun 15 2017 - Federal Reserve

Our decision reflects the progress the economy has made and is expected to make.feedback

Jun 14 2017 - Federal Reserve

It's important not to overreact to a few readings, and data on inflation can be noisy.feedback

Jun 14 2017

The recent lower reading on inflation have been driven significantly by what appears to be one-off reductions in certain categories of prices such as wireless telephone services and prescriptions drugs.feedback

Jun 14 2017

We could put this into effect relatively soon.feedback

Jun 14 2017 - Federal Reserve

So what I've said about my own situation is I fully intend to serve out my term as chair, which ends in early February.feedback

May 31 2017

Our independence is under some threat.feedback

May 18 2017 - Federal Reserve

For all practical purposes, Hong Kong delegated the determination of its monetary policy to the Federal Reserve.feedback

Apr 11 2017

I think we have a healthy economy now. Whereas before we had our foot pressed down on the gas pedal trying to give the economy all the oomph we possibly could, now allowing the economy to kind of coast and remain on an even keel -- to give it some gas but not so much that we are pressing down hard on the accelerator -- that's a better stance of monetary policy. We want to be ahead of the curve and not behind it.feedback

Apr 10 2017 - Federal Reserve

We think a gradual path of increases in short-term interest rates can get us to where we need to be, but we don't want to wait too long to have that happen.feedback

Apr 03 2017

It is crucial for younger workers to establish a solid connection to employment early in their work lives.feedback

Mar 23 2017 - Federal Reserve

This research underscores the value of starting young to develop basic work habits and skills. These habits and skills help prepare people for work, help them enter the labor market sooner, meet with more success over time and be in a position to develop the more specialized skills and obtain the academic credentials that are strongly correlated with higher and steadier earnings.feedback

Mar 23 2017 - Federal Reserve

Young adults who regularly or sometimes worried when they were children about care, safety or having enough to eat are also less likely to be employed, less likely to have consistent income month-to-month and less likely to pay all of their current monthly bills in full, compared with those who never or rarely worried about these concerns as children.feedback

Mar 15 2017

I think the right way to look at it is in qualitative and not quantitative terms.feedback

Mar 15 2017 - Federal Reserve

We're operating in an environment where the U.S. economy is performing well and risks seem pretty balanced. I think people can feel pretty good about the economic outlook.feedback

Mar 15 2017 - Unemployment

The unemployment rate has moved way down and many more people feel optimistic about their prospects in the labor market. There's job security. We're seeing more people who are feeling free to quit their jobs, getting outside offers for other opportunities. So I think the job market, which is an important focus for us, is certainly improving.feedback

Mar 15 2017 - Federal Reserve

What we'd want to have is confidence in the economy's trajectory, a sense that the economy will make progress, that we're not overly worried about downside risks with adverse shocks that could hurt the economy.feedback

Mar 15 2017 - Federal Reserve

Our short-term interest rate target is our key active tool of policy. We think it's much easier using that tool to communicate the stance of policy. We have much more experience with it and have a better idea of its impacts on the economy.feedback

Mar 15 2017

Our decision to make another gradual reduction in the amount of policy accommodation reflects the economy's continued progress toward the employment and price-stability objectives assigned to us by law.feedback

Mar 15 2017

I think market participants likely are anticipating shifts in fiscal policy that will stimulate growth and perhaps raise earnings.feedback

Mar 10 2017

On the whole, the prospects for further moderate economic growth look encouraging, particularly as risks emanating from abroad appear to have receded somewhat.feedback

Mar 10 2017 - Unemployment

On the whole, the prospects for further moderate economic growth look encouraging.feedback

Mar 05 2017

Gradual increases in the federal funds rate will likely be appropriate in the months and years ahead: Those increases would keep the economy from significantly overheating, thereby sustaining the expansion and maintaining price stability.feedback

Mar 03 2017 - Federal Reserve

I really liked the form of reasoning. [Economics] has a way of analyzing issues that is systematic and it appealed to the math side of me.feedback

Mar 03 2017 - Federal Reserve

It came together that my concern about people and jobs, and my love of math, found a happy marriage in economics.feedback

Mar 03 2017 - Federal Reserve

Given how close we are to meeting our statutory goals, and in the absence of new developments that might materially worsen the economic outlook, the process of scaling back accommodation likely will not be as slow as it was in 2015 and 2016.feedback

Mar 03 2017 - Federal Reserve

Fiscal and regulatory policies – which are of course the responsibility of the administration and the Congress – are best suited to address such adverse structural trends.feedback

Mar 03 2017 - Federal Reserve

The U.S. economy has exhibited remarkable resilience in the face of adverse shocks. I therefore continue to have confidence that a gradual removal of accommodation is likely to be appropriate. Unless unanticipated developments adversely affect the economic outlook, the process of scaling back accommodation likely will not be as slow as it was during the past couple of years.feedback

Mar 03 2017 - Federal Reserve

The economy has essentially met the employment portion of our mandate and inflation is moving closer to our 2 percent objective. [We] realize that waiting too long to scale back some of our support could potentially require us to raise rates rapidly sometime down the road, which in turn could risk disrupting financial markets and pushing the economy into recession.feedback

Feb 22 2017

Whether it is March, or May or June ... I can't tell you which meeting it would be.feedback

Feb 15 2017 - Federal Reserve

Nothing going on in these international discussions binds us to carry out things in our rulemaking process.feedback

Feb 15 2017 - Federal Reserve

We don't want to base current policy on speculation about what may come down the line. We will wait to gain greater clarity on policy changes.feedback

Feb 15 2017 - Unemployment

The economy is recovering from a very severe crisis. We've put in place stronger financial regulation that has forced our banks to build up their capital buffers to deal with problem loans and to strengthen themselves to the point where they have been to support economic growth and recovery in our economy.feedback

Feb 15 2017 - Unemployment

The economy has recovered more quickly, for example, than ... European Union economies have in the aftermath of the crisis. The Federal Reserve has put in place highly accommodative monetary policies meant to spur spending in the economy and restore low unemployment or to achieve the goal of maximizing employment and price stability as assigned to us by Congress. I believe we're coming very close to achieving those objectives, and monetary policy remains accommodative. Economic growth has been quite disappointing.feedback

Feb 15 2017 - Federal Reserve

I think central banks all over the world have recognized that an independent central bank that can focus on the long-term health of the economy ... gives rise to a better economic environment.feedback

Feb 14 2017

I can't tell you exactly which meeting it would be. I would say every meeting would be live.feedback

Feb 14 2017 - Federal Reserve

It's too early to know which policy changes will be put in place or how their economic affects will unfold, while it's not my intention to opine on specific tax or spending proposals, I would point to the importance of improving the pace of longer-run economic growth and raising American living standards with policies aimed at improving productivity.feedback

Feb 14 2017 - Federal Reserve

We will continue to coordinate with the Treasury Department, which is itself a member of several international forums related to financial services, such as the Financial Stability Board (FSB) and the International Association of Insurance Supervisors, as well as with the other U.S. supervisory agencies that participate in various international forums.feedback

Feb 14 2017 - Federal Reserve

In exercising our longstanding authorities and responsibilities for consulting with our foreign counterparts, we share the objective that the whole U.S. government must work constructively to ensure a strong, stable U.S. economy and financial system. Strong regulatory standards enhance the stability of the U.S. financial system. By participating in the development of international regulatory standards, the Federal Reserve can influence the standards in ways that promote the financial stability of the United States and the competitiveness of U.S. firms.feedback

Feb 14 2017

They're lending. U.S. banks are generally considered quite strong relative to their counterparts. They've built up quite a bit of capital, partly as a results of our insistence that they do so.feedback

Feb 14 2017 - Federal Reserve

I would also hope that fiscal policy changes will be consistent with putting U.S. fiscal accounts on a sustainable trajectory.feedback

Feb 14 2017 - Federal Reserve

That's right. It's too early to know what policy changes will be put in place or how their economic effects will unfold.feedback

Feb 14 2017

Waiting too long to remove accommodation would be unwise, potentially requiring the (Fed) to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession.feedback

Feb 10 2017

Dan led the Fed's work to craft a new framework for ensuring the safety and soundness of our financial system following the financial crisis and made invaluable contributions across the entire range of the Fed's responsibilities.feedback

Jan 18 2017 - Samsung

Right now our foot is still pressing on the gas pedal, though, as I noted, we have eased back a bit.feedback

Jan 18 2017

Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road - either too much inflation, financial instability, or both.feedback

Jan 18 2017 - Federal Reserve

As the economy approaches our objectives, it makes sense to gradually reduce the level of monetary policy support.feedback

Jan 18 2017 - Federal Reserve

Our foot remains on the pedal in part because we want to make sure the economic expansion remains strong enough to withstand an unexpected shock, given that we don't have much room to cut interest rates.feedback

Jan 18 2017 - Federal Reserve

Figuring out what the neutral interest rate is and setting the right path toward it is not like setting the thermostat in a house: You can't just set the temperature at 68 degrees and walk away.feedback

Jan 18 2017 - Federal Reserve

The economy is vast and vastly complex, and its path can take surprising twists and turns.feedback

Jan 18 2017 - Federal Reserve

We will factor (any changes in economic policy) into the outlook and take account of their impact on what we need to do to achieve our dual mandate objectives.feedback

Dec 19 2016 - Federal Reserve

Economists are not certain about many things. But we are quite certain that a college diploma or an advanced degree is a key to economic success.feedback

Dec 19 2016 - Federal Reserve

The drivers of this increasing demand for those with college and graduate degrees are likely to continue to be important.feedback

Dec 16 2016 - Federal Reserve

Some of the participants, but not all of the participants, did incorporate some assumption of a change in fiscal policy into their projections, and that may have been a factor that was one of several that occasioned the shifts.feedback

Dec 15 2016 - Federal Reserve

I would say at this point that fiscal policy is not obviously needed to provide stimulus to help us get back to full employment.feedback

Dec 14 2016 - Federal Reserve

I think it's very important that we have reduced the odds that a systemically important firm could fail by requiring higher capital, higher liquidity, by performing stress tests that provide is another way of insuring that the firms we count on to supply credit to households and businesses would be able to go on doing that even in the face of a severely adverse shock.feedback

Dec 14 2016

We have been given the independence by Congress to make decisions about monetary policy in pursuit of our dual mandate objectives of maximum employment and inflation. That's what I intend to stay focused on, that's what the committee is focused on.feedback

Dec 14 2016 - Unemployment

I believe my predecessor and I called for fiscal stimulus when the unemployment rate was substantially higher than it is now.feedback

Dec 14 2016

This is a very modest adjustment in the path of the federal funds rate.feedback

Dec 01 2016

There is clear evidence of better outcomes in countries where central banks can take the long view, are not subject to short-term political pressures. Sometimes central banks need to do things that are not immediately popular.feedback

Nov 18 2016 - HSBC Bank

You need to be selective in terms of your currency choices. I don't think it's a dollar bull run against everything but I do think if you look at the outlook for emerging market currencies, particularly the high-yield currencies at the moment, it is very hard to have a positive currency view.feedback

Nov 17 2016 - Federal Reserve

When there is greater clarity about the economic policies that might be put into effect the (Federal Open Market Committee) will have to factor those assessments of their impact on employment and inflation and perhaps adjust our outlook.feedback

Nov 17 2016 - Federal Reserve

The progress in the labour market has continued and economic activity has picked up from the modest pace seen in the first half of this year. And inflation, while still below the Committee's 2.0 percent objective, has increased somewhat since earlier this year.feedback

Nov 17 2016

I wouldn't agree that the Fed's monetary policy has hampered business investment or been a negative factor. I'm not aware of any evidence that suggests that it is.feedback

Nov 17 2016

It's not clear in my mind why it is that investment spending has been as weak as it is. Initially, we had an economy with a lot of excess capacity. Firms were clearly operating without enough sales to justify a need to invest in additional capacity, and more recently with the economy moving toward full employment, we would expect to see investment spending pick up, and it's not obvious exactly why it hasn't picked up.feedback

Nov 17 2016 - Federal Reserve

The appropriate path for the federal funds rate will change in response to changes to the outlook.feedback

Nov 17 2016

The risk of falling behind the curve in the near future appears limited, and gradual increases in the federal funds rate will likely be sufficient to get to a neutral policy stance over the next few years.feedback

Nov 17 2016

With the federal funds rate currently only somewhat below estimates of the neutral rate, the stance of monetary policy is likely moderately accommodative, which is appropriate to foster further progress toward the FOMC's objectives.feedback

Nov 17 2016

Gradual increased in the federal funds rate will likely be sufficient to get to a neutral policy stance over the next few years.feedback

Nov 17 2016 - Federal Reserve

I would not want to see the clock turned back on all the improvements we have made.feedback

Nov 17 2016 - Federal Reserve

Such an increase could well become appropriate relatively soon.feedback

Oct 18 2016

We were not really certain that this is something that would happen. The economy has a little more room to run than might have been previously thought.feedback

Oct 14 2016 - Federal Reserve

In addition, a tight labor market might draw in potential workers who would otherwise sit on the sidelines and encourage job-to-job transitions that could also lead to more efficient - and, hence, more productive - job matches. Finally, albeit more speculatively, strong demand could potentially yield significant productivity.feedback

Oct 14 2016 - Federal Reserve

If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more accommodative during recoveries than would be called for under the traditional view that supply is largely independent of demand.feedback

Oct 14 2016 - Federal Reserve

This post-crisis experience suggests that changes in aggregate demand may have an appreciable, persistent effect on aggregate supply - that is, on potential output.feedback

Oct 14 2016 - Federal Reserve

Research by Federal Reserve staff suggests that, all told, U.S. monetary policy spillovers to other economies are positive – that is, policies designed to provide stimulus to the U.S. economy also boost activity abroad, as negative effects of dollar depreciation are offset by positive effects of higher U.S. imports and easier foreign financial conditions.feedback

Sep 29 2016 - Federal Reserve

If we found, I think as other countries did, that they could reach the limits in terms of purchasing safe assets like longer-term government bonds, it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions.feedback

Sep 29 2016

I don't think there's a conflict of interest there. What's important to me is whether or not [in] decision-making, or collective decision-making, I see politics being brought to bear. … I have never seen that on the part of any of my colleagues.feedback

Sep 28 2016 - Federal Reserve

I certainly have never been pressured in any way by the administration. The (Obama) administration, my experience has been, greatly respects the Fed's independence to make decisions in accordance with the Fed's mandate.feedback

Sep 28 2016 - Federal Reserve

If we allow the economy to overheat, we could be faced with having to raise interest rates more rapidly than we would want which could conceivably jeopardize that good state of affairs that we have come close to achieving.feedback

Sep 28 2016 - Federal Reserve

I think it is very important that senior management be held accountable.feedback

Sep 28 2016 - Sustainable Development

The existing capital conservation buffer would be replaced with a risk-sensitive, firm-specific buffer that is sized based on stress test results.feedback

Sep 28 2016

She "would expect to see (a rate increase this year) if we continue on the current course of labor market improvement, and there are no major risks that develop and we stay on the current course.feedback

Sep 27 2016 - Federal Reserve

We are not reconsidering, at this time, calculation of the surcharges.feedback

Sep 27 2016 - Federal Reserve

Senior management has a responsibility and it's essential that they be held accountable.feedback

Sep 21 2016 - Federal Reserve

The Federal Reserve is not politically compromised. We do not discuss politics in our meetings. I can't recall any meeting that I've ever attended where politics has been a matter of discussion.feedback

Sep 21 2016

The case for an increase in the federal funds rate has strengthened.feedback

Sep 21 2016

The economy has a little more room to run than previously thought.feedback

Sep 02 2016

The case for an increase ... has strengthened in recent months.feedback

Aug 26 2016 - Federal Reserve

Our ability to predict how the federal funds rate will evolve over time is quite limited. The chart that put the expected rate path released by the Fed in June in the middle of a broad set of likely outcomes.feedback

Aug 26 2016

In addition to taking the federal funds rate back down to nearly zero, the FOMC could resume asset purchases and announce its intention to keep the federal funds rate at this level until conditions had improved markedly – although with long-term interest rates already quite low, the net stimulus that would result might be somewhat reduced.feedback

Aug 26 2016 - Federal Reserve

In light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.feedback

Jul 27 2016

They're scared stiff right now. Oil prices and the possibility of inverting the yield curve are probably concerns.feedback

Jun 22 2016

We do not target the level of stock prices. That is not an appropriate thing to do.feedback

Jun 22 2016

We're going to look at what the trajectory is for the economy, for the goals Congress has assigned us, namely inflation and maximum employment, and take policies we think are appropriate to foster them.feedback

Jun 22 2016

The upcoming vote "could have significant economic repercussions.feedback

Jun 21 2016 - Interest rates

I don't think that is the most likely case, but we just don't really know what will happen and we will have to watch very carefully.feedback

Jun 21 2016

While it is an important report, I would also emphasize that it's important never to overblow the significance of a single report or a small amount of data.feedback

Jun 21 2016

Economic growth has been uneven over recent quarters. Subdued foreign growth and the appreciation of the dollar weighed on exports while the energy sector was hit hard by the steep drop in oil prices since mid-2014. In addition, business investment outside of the energy sector was surprisingly weak.feedback

Jun 16 2016

Brexit, the upcoming UK decision on whether or not to leave the European Union, is something we discussed and I think it's fair to say that it was one of the factors that factored into today's decisions.feedback

Jun 15 2016

We are quite uncertain about where rates are heading in the longer term.feedback

Jun 15 2016

We do need to make sure that there's sufficient momentum.feedback

Jun 15 2016

It was one of the factors.feedback

Jun 06 2016

The overall labor market is quite positive.feedback

Jun 06 2016

For a time in January and early February, financial markets here and broad became turbulent and financial conditions tightened, reflecting and reinforcing concerns about downside risks to the global economy.feedback

Apr 08 2016

She "certainly wouldn't describe this as a bubble economy.feedback

Apr 08 2016

The U.S. economy has continued to progress in a satisfactory way. We continue to see good job performance, some evidence of inflation moving up, so that was our expectation when we raised rates in December. So yes, there is accommodation in the monetary policy that we have. But we think the gradual path of rate increases will be appropriate. We remain on a reasonable path and I don't think December was a mistake.feedback

Mar 30 2016

The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways.feedback

Mar 29 2016

Given the risks to the outlook, I consider it appropriate for the Committee to proceed cautiously in adjusting policy.feedback

Feb 22 2016 - Bull market

You've seen oil rebound today, which people are viewing very much as a kind of a green flag in the short-term to take on risk again to a certain degree. To me, this continues to be a counter-trend rally in the context of an intermediate to longer-term decline in the stock market. Our view is that this is nowhere near the resumption of a bull market.feedback

Feb 11 2016

We are watching developments very carefully. I would say there is always some chance of a recession in any year. But the evidence suggests that expansions don't die of old age.feedback

Jan 15 2016

The outlook for employment and inflation are dismal. We will miss both objectives by a country mile for years to come.feedback

Dec 17 2015

This action marks the end of an extraordinary seven-year period during which the federal funds rate was held near zero to support the recovery of the economy from the worst financial crisis and recession since the Great Depression.feedback

Dec 04 2015

Ongoing gains in the labour market, coupled with my judgment that longer-term inflation expectations remain reasonably well anchored, serve to bolster my confidence in a return of inflation to two percent. Moreover holding the federal funds rate at its current level for too long could also encourage excessive risk taking and thus undermine financial stability.feedback

Jul 15 2014

Although the economy continues to improve, the recovery is not yet complete.feedback

Jun 18 2014

The committee decided to make another modest reduction in the pace of it's purchases of longer term securities. The committee maintained its forward guidance regarding the federal funds rate target.feedback

May 07 2014

One prominent risk is that adverse developments abroad, such as heightened geopolitical tensions or an intensification of financial stresses in emerging market economies, could undermine confidence in the global economic recovery.feedback

May 07 2014

I expect that economic activity will expand at a somewhat faster pace this year than it did last year.feedback

Feb 11 2014

If incoming information broadly supports the (Federal Open Market) Committee's expectation of ongoing improvement in labour market conditions, and inflation moving back towards its longer run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings.feedback

Dec 23 2013

I would agree that this programme cannot continue for ever. There are costs and risks associated with the programme.feedback

Nov 14 2013

I think that's a very worthwhile idea.feedback

Nov 14 2013

I consider it imperative that we do what we can to promote a very strong recovery. We are doing that by continuing our asset purchase programme, which we put in place with the goal of assuring a substantial improvement in the outlook for the labour market.feedback

Nov 14 2013

It is important not to remove support while the recovery is still fragile.feedback

Nov 14 2013

The message that we want to send is that we will do what is in our power to assure a robust recovery, in the context of price stability.feedback

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