≡ Menu

Janet Yellen Quotes

Janet Louise Yellen

Janet Yellen quotes: on economics, equality, efficiency and more.

“If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about which you are passionate, dedicate yourself to that purpose.”

“Yankee Stadium is a natural venue for another lesson: you won’t succeed all the time.  Even Ruth, Gehrig, and DiMaggio failed most of time when they stepped to the plate.  Finding the right path in life, more often than not, involves some missteps.”

“Listening to others, especially those with whom we disagree, tests our own ideas and beliefs.  It forces us to recognize, with humility, that we don’t have a monopoly on the truth.”

“Get everybody to see that off-white is not a bad alternative.  As brilliant as your choice was, maybe you could live with off-white, and it’s not so bad.  And we can converge on that and it’s going to function just fine and maybe we can agree.”

“In 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.”

“Women and men often have significantly different approaches and views on issues that are important to public policy.  That makes it especially important to hear women’s voices.”

“Many studies find that women are more risk averse than men and they are less likely to suffer from overconfidence.”

“Diversity is important in insuring that the research that is done within economics appropriately reflects society’s priorities.  Women work in all areas of economics, but they tend to be attracted to fields that are more people-oriented like health, education, development and labor.”

“Many government and business decisions affect women and men, and people of different racial backgrounds differently.  If economists are mainly of one gender or race, they are likely to miss things that matter.  Underrepresentation of women likely constrains the range of issues addressed and limits our ability to understand familiar issues from new and innovative perspectives.”

“A number of factors appear to be holding women back, including the difficulty women currently have in trying to combine their careers with other aspects of their lives, including caregiving.  Supporting women in the workforce isn’t just a ‘women’s issue’ – it’s an economic issue.”

“The gap in earnings between men and women has narrowed substantially, but progress has slowed lately.  Even when we compare men and women in the same or similar occupations who appear nearly identical in background and experience, a gap of about 10% typically remains.”

“I don’t feel that I’ve faced discrimination.  I’ve had every chance to succeed and more, and I think that’s what all women should have.”

“Women have made tremendous strides in their ability to pursue their dreams of education and meaningful work and to support themselves and their families.”

“Sometimes you have to make decisions without knowing all that you would like to know.  That’s part of the job.”

“It slightly worries me that when people find a problem, they rush to judgment of what to do.”

“We necessarily operate in an environment in which there’s a great deal of uncertainty.  In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes.  That’s one reason I favor a cautious approach.”

“Some degree of inequality in income and wealth, of course, would occur even with completely equal opportunity because variations in effort, skill, and luck will produce variations in outcomes.”

“I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity.”

“Business students are very oriented to playing a role in the real world and accomplishing something, not training themselves to be scholars and contribute to the literature.”

“Economists are not certain about many things.  But we are quite certain that a college diploma or an advanced degree is a key to economic success.”

“It seems to me that women have made an awful lot of progress, but they probably remain underrepresented at the highest levels of most organizations, for a variety of reasons.  And it’s probably going to take a long time to change that.”

“I hope other women will have the same opportunities that I’ve had.  I’ve been an economist for over 40 years.  There has been considerable progress in increasing gender and ethnic diversity in the field.”

“Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things.  This was a very appealing combination to me.  Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment.  And I felt that economists had really learned something about how to address that.”

“Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.”

“Stores don’t order merchandise unless they think they can sell it right away.  Manufacturers and builders don’t produce unless they have buyers lined up.  My business contacts describe this as a paradigm shift and they believe it’s permanent.”

“Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.”

“Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job.”

“I am anxious to fix welfare.  There has to be more training and child care.”

“My father was a family doctor, and both he and my mother lived through the Depression.  I heard a lot of stories about it.  I came to understand the effect that unemployment could have on people in human terms.”

“[While serving as Chair of the Federal Reserve] The job, isn’t just about fighting inflation or monitoring the financial system.  It’s about trying to help ordinary households get back on their feet and about creating a labor market where people can feel secure and work and get ahead.”

“Well, I’ve tried to do a good job, and I suppose a theme of my life is that I try to be prepared and to get good grades.  Yes, I do want to show that women can perform well in these positions.”

“So we all can succeed.”

Cory Johnson: your momma’s neighbor’s side chick’s last Uber Eats delivery guy’s third-favorite blogger. Here’s how he makes millions of dollars blogging without being bothered.