Policies that promote investment in people or human capital, fiscal capital, both public infrastructure and private investment, are also important in promoting productivity.
Janet Yellen
The Public Record
Janet Louise Yellen is an American economist currently serving as the 78th United States Secretary of the Treasury, a position she has held since January 26, 2021. She is a member of the Democratic Party and has a distinguished career in economic policy and public service. Yellen previously served as the Chair of the Federal Reserve from 2014 to 2018, becoming the first woman to hold that role. During her tenure at the Federal Reserve, she focused on issues such as unemployment and inflation, advocating for policies aimed at economic recovery following the 2008 financial crisis.
I think we refuse to actually take a long hard look at our Federal budget to see what simply doesn't make sense anymore.
So African Americans generally have unemployment rates and labor market experience that is more cyclical.
We believe very strongly in tailoring to make sure that our regulations fit the risk profiles of particular institutions.
They have proposed a tax plan that would reduce Federal revenue more than 2 trillion dollars.
I really urge Congress to focus on policies--they may be fiscal policies or other policies--that would succeed in raising productivity growth.
Generally, there are a number of areas that impact productivity growth, and this could look to different kinds of policies.
Fiscal sustainability has been a long-standing problem, and . . . the U.S. fiscal course, as our population ages and health care costs increase, is already not sustainable.
There is not very much that we can do in incorporating that into our forecasts.
Now just recently my friends on the other side of the isle have proposed repealing the Affordable Care Act, which will reduce revenues by $350 billion over the next decade.
I would say that the data suggests that the support that fiscal policy provided during the period of recovery overall, both Federal and State, was substantially lower than would be typical.
I believe we would have a much weaker economy if in the last number of years we had followed the dictates of that rule.
I really feel strongly that we should be looking for ways to mitigate the regulatory burden.
But, again, as you pointed out, that is a much higher rate, and the same is true at all education levels.
I think too-big-to-fail is a less significant problem now than it was before.
It is important that they remain healthy. Reducing regulatory burden, it is important.
I believe that the way we are setting it is legal and consistent with the Act.
Because there is public interest in what would happen under such a scenario.





