Janet Yellen actually said...

We are on the order of 35 percent, and that is--of all those unemployed more than 6 months, and that is a very disturbing trend.

We have seen that deflation is associated with very weak outcomes, economic outcomes, in the rare situations where it has occurred.

First of all, it raises the real or inflation-adjusted cost of capital, and it also redistributes debt burdens.

Whenever we put out a regulation--an example would be our recent capital regulations implementing Basel III--we put out a special guide to s...