Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.
Janet YellenWe do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy
Janet YellenFirms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?
Janet YellenIt slightly worries me that when people find a problem, they rush to judgment of what to do.
Janet Yellen