Janet Yellen actually said...

"I will discuss with my colleagues what is appropriate. I do not have a definitive answer for you."

"I think almost all economists think that the minimum wage has two main effects: one is to give higher wages to those who continue to have jobs and were earning the minimum wage; and then, second, that..."

"Sometimes the long-term unemployed do need to acquire different skills in order to be reabsorbed into the job market."

"the unemployment rate is not the Committee's definition of what constitutes full employment."