The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013.
Janet YellenI'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Janet YellenProductivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
Janet YellenWill capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
Janet Yellen