The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution ยfamilies that in 2013 had a net worth between $81,000 and $1.9 million ยheld 43% of wealth in 1989 and only 36% in 2013.
Janet YellenIn government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.
Janet YellenFor my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.โs โ I didnโt see any of that coming until it happened.
Janet YellenLong-term unemployment can make any worker progressively less employable, even after the economy strengthens.
Janet Yellen