Phrase by 'Janet Yellen'
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The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.
Author: Janet Yellen - American Public ServantFuture , Path , Unexpected , Fade
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.
Author: Janet Yellen - American Public ServantChains , Way , Credit , Production
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Author: Janet Yellen - American Public ServantWithout , Changes , Inflation , Economists
It slightly worries me that when people find a problem, they rush to judgment of what to do.
Author: Janet Yellen - American Public ServantMe , People , Find , Problem
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?
Author: Janet Yellen - American Public ServantWork , Feel , Behavior , Employees
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.
Author: Janet Yellen - American Public ServantEnergy , Food , Changes , Inflation
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