Political Quotes

Janet Yellen: Operating monetary policy by mechanically following a policy rule is not practical.

On the recordFebruary 24, 2015
Operating monetary policy by mechanically following a policy rule is not practical.
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen references Professor Taylor's view on the impracticality of strict monetary policy rules.

Share

More from Janet Yellen

Apr 29, 2024

How is it that our corporations, our multi-nationals would remain competitive if they pay a rate on their foreign profits that is higher than 15 percent?

congress.gov
Jun 12, 2023

I believe that there should be a process with multiple bidders.

congress.gov
Apr 29, 2024

President Biden has said he would oppose allowing tax cuts to expire for people making under $400,000.

congress.gov
Jun 3, 2024

We share the objective that you have which is to rid ourselves of dependence on China.

congress.gov

Other voices in this conversation