Janet Yellen

"An outstanding choice. Tough, smart and principled"

"was the starting point for a rightward shift in economics that went against the idea that monetary policy can improve macroeconomic outcomes."

"I felt I wanted to talk about the Fed’s mission, and I wanted to do so in understandable terms, and to emphasize that unemployment is part of our mission. The recession has taken a particularly heavy …"

"Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems a…"

"O.K., so what does standard new classical economics say? You should cut the wages of everybody who works for you. Because there are all the people standing outside the factory gates, and they have the…"