Political Quotes

Janet Yellen: “I would like to distinguish between a systematic approach to monetary policy, which I believe we have put in place, and…”

On the recordFebruary 10, 2016
I would like to distinguish between a systematic approach to monetary policy, which I believe we have put in place, and a system that we use that is in line with what other advanced central banks do and a mechanical, mathematical rule-based approach, which I do not support and no central bank that I am aware of follows.
Said by
Janet Yellen
Democratic · California

Editor's note · Context

Yellen explains her stance on monetary policy approaches.

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