One option that is clearly not on the table is allowing an unacceptable rise in inflation,
More Quotes from Janet Yellen:
I support the idea of a quantitative objective for price stability.Janet Yellen
I consider it reasonable to put the current neutral rate in a range of 3.5 percent to 5.5 percent.
Janet Yellen
Indeed, only 10 percent of American workers are in manufacturing, which is arguably the sector most exposed to foreign competition.
Janet Yellen
I view decisions about the stance of policy going forward as quite data-dependent. On the one hand, I will be alert to any incoming data suggesting that economic growth is less likely to slow to a sustainable pace or that inflation is less likely to remai
Janet Yellen
A more doctrinaire Fed chief wouldn't have allowed the economy to grow this fast, but Greenspan argued that technology was creating productivity gains that would allow rapid, inflation-free growth. There were a lot of economists at the Fed who thought not tightening back then was very dangerous, ... The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.
Janet Yellen
It thus made sense to me to continue the gradual removal of policy accommodation
Janet Yellen
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