A Quote by Janet Yellen
Our ability to predict how the federal funds rate will evolve over time is quite limited because monetary policy will need to respond to whatever disturbances may buffet the economy.
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The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.
Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in an uncertain economic environment, the employment and inflation goals.
Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government.
If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views into account in making their spending and investment plans; policy will be more effective as a result.
Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
For me, appropriate policy means that we continue to reduce accommodation and return to a neutral federal funds rate
Rational behavior ... depends upon a ceaseless flow of data from the environment. It depends upon the power of the individual to predict, with at least a fair success, the outcome of his own actions. To do this, he must be able to predict how the environment will respond to his acts. Sanity, itself, thus hinges on man's ability to predict his immediate, personal future on the basis of information fed him by the environment.
But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.
If I've learnt anything over the last six years it's that the most important thing is the strength of our economy. That is how we pay for our NHS, how we build schools, how we provide opportunities for people. And I'm in absolutely no doubt that our economy will be stronger if we stay in and will be weaker and at risk if we leave.
Our policy is very clear: whatever policy will suit the people, whatever policy will suit the circumstances, whatever policy will suit my state.
As mechanistic biologists, we are hoping that by understanding how the virus works at the molecular level, we will be able to predict with more accuracy how it will evolve.
The full implications of feminism will evolve over time, as we organize, experiment, think, analyze, and revise our ideas and strategies in light of our experiences. No theory emerges in full detail overnight; the dominant theories of our day have expanded and changed over many decades. That it will take time should not discourage us. That we might fail to pursue our ideas - given the enormous need for them in society today - is unconscionable.
We understand the need to balance our short- and longer-term needs because our revenue is the engine that funds all our innovation. But over time, our emerging high-usage products will likely generate significant new revenue streams for Google as well as for our partners, just as search does today.
Labour has repeatedly emphasised that in order to avoid a cliff edge for our economy there will need to be a time-limited transitional period between our exit from the E.U. and the new lasting relationship we build with our European partners.
The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.
We need a movement that says in a highly competitive global economy all of our kids who have the ability, the qualifications and the desire, will be able to get a college education regardless of income because we will make public colleges and universities tuition free.
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