Janet Yellen Quotes

I do think there's a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market, and the evidence that I'm seeing suggests we are on that path. Are there risks? Of course. I don't want to downplay the risks here, but I do think that's possible. we're seeing those supply chain bottlenecks that boosted inflation, they're beginning to resolve. That's a responsibility that I think the global community expects Russia to bear, this is something we're discussing with our partners, but there are legal constraints on what we can do with frozen Russian assets. We're seeing those supply chain bottlenecks that boosted inflation, they're beginning to resolve. It could upend the lives of millions of Americans and those around the world. We've requested increases to be able to do that, especially given the role that the Department plays in imposing sanctions, we are a target of a serious number of cyberattacks and we are investing very heavily in cybersecurity to meet very high standards. When it comes to data, we're seeing an increasing number of cases that do present risks around this issue of the type that have been mentioned in connection with TikTok. We are ready and prepared to take the steps that are necessary to ensure depositors that the banking system and their deposits are safe. The government, on average, makes millions of payments each day, and our systems are built to pay all of our bills on time and not to pick and choose which bills to pay, it would be an exceptionally risky, untested and radical departure from normal payment practices of agencies across the federal government. Prioritization is effectively a default by just another name. It's simply a recipe for economic and financial catastrophe to think we can pay some of our bills and not all of them. I do believe we have a very strong and resilient banking system and all of us need to shore up the confidence of depositors that that's the case. Shareholders and debt holders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we're certainly not looking (to do that), and the reforms that have been put in place means that we're not going to do that again. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out ... and the reforms that have been put in place means that we're not going to do that again, but we are concerned about depositors and are focused on trying to meet their needs. We're well aware that many startup firms have deposits and venture capital firms have deposits at this bank that have been affected by its failure, so this is something we're working to try to resolve. Mahsa Amini was a courageous woman whose death in Morality Police custody was yet another act of brutality by the Iranian regime's security forces against its own people, we condemn this unconscionable act in the strongest terms and call on the Iranian government to end its violence against women and its ongoing violent crackdown on free expression and assembly. Today's action to sanction Iran's Morality Police and senior Iranian security officials responsible for this oppression demonstrates the Biden - Harris Administration's clear commitment to stand up for human rights, and the rights of women, in Iran and globally. We must redouble our efforts to decarbonize our economies. I think that the discomfort that households feel, it's not because of the labor market, some may worry that the... labor market will weaken, but I think the biggest burden that's weighing on household sentiment is inflation. This is not an economy that's in recession, but we're in a period of transition in which growth is slowing. Some reductions may be warranted, it could help to bring down prices of things that people buy that are burdensome. I want to make clear I honestly don't think tariff policy is a panacea with respect to inflation. I think I was wrong then about the path that inflation would take, as I mentioned there have been unanticipated and large shocks to the economy that have boosted energy and food prices and um, supply bottlenecks that have affected our economy badly that I didn't, at the time, understand. Putin's war in Ukraine is having impacts on energy and food prices globally, we are not the only country experiencing inflation. You can see that in virtually every developed country around the world. Energy and gasoline prices, while very high, they would be higher without that. We are part of global oil markets that are subject to geopolitical influences. Given the global nature of these markets, it's virtually impossible for us to insulate ourselves from shocks like the ones that are occurring in Russia that move global oil prices. I believe there's a lot that Congress can do to ease the cost burdens that households are experiencing. Well, look, I think I was wrong then about the path that inflation would take. I think it's very natural that given the enormous destruction in Ukraine and huge rebuilding costs that they will face, that we will look to Russia to help pay at least a portion of the price that will be involved. Roe v. Wade and access to reproductive health care, including abortion, helped lead to increased labor force participation, it enabled many women to finish school. That increased their earning potential. It allowed women to plan and balance their families and careers.