Janet Yellen actually said...

"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 show what is relevant to community banks, that they can ignor..."

"I think it is essential that the path of debt to GDP be one that is sustainable over time."