Political Quotes

Janet Yellen: “I think we failed completely to understand the complexity of what the impact of a decline, a national decline in housing…”

On the recordJuly 14, 2010
I think we failed completely to understand the complexity of what the impact of a decline, a national decline in housing prices would be in the financial system.
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen admits failure to grasp the financial system's vulnerability to housing price declines.

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