Joined the Federal Reserve: June 14, 2004
Left the Federal Reserve: January 31, 2024
Date of Birth: August 13, 1946
| Summary | Lean | Statement Date | Publication Date |
|---|---|---|---|
| 1 Federal Reserve Won’t Backpedal on Interest Rates, Janet Yellen Says: "“A lot has happened” since December, when the Fed predicted it would spend 2016 gradually raising rates, Ms. Yellen acknowledged. And risk-averse investors could disrupt slow-and-steady economic growth, she allowed. But her tone was far from bleak. Asked about the risk of a recession, Ms. Yellen responded that anything is possible but “expansions don’t die of old age.” She made clear that Fed officials were still debating when, not whether, they should raise rates again." | Neutral | February 11, 2016 | February 11, 2016 |
| 2 Janet Yellen Signals Caution on Rates: "Federal Reserve Chairwoman Janet Yellen hinted to Congress Wednesday that the central bank had increased trepidation over the path of interest-rate increases, pointing to accumulating risks to the economy in recent weeks... “Financial conditions in the United States have recently become less supportive of growth,” Ms. Yellen said, pointing to stock-market declines and higher interest rates for riskier borrowers, among other events. She warned of a possible impact on economic activity and the labor market should the developments persist." | Neutral | February 10, 2016 | February 10, 2016 |
| 3 Economic Outlook: "Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals. Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession. Moreover, holding the federal funds rate at its current level for too long could also encourage excessive risk-taking and thus undermine financial stability." Similar to Prior Statement | Hawkish | December 3, 2015 | December 3, 2015 |
| 4 The Economic Outlook and Monetary Policy: "Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals. Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession. Moreover, holding the federal funds rate at its current level for too long could also encourage excessive risk-taking and thus undermine financial stability." | Hawkish | December 2, 2015 | December 2, 2015 |
| 5 Yellen Signals a Fed Tilt Toward December Rate Increase: "“It could be appropriate” to act at the Fed’s final policy-making meeting of the year, Ms. Yellen told the House Financial Services Committee. She suggested that if growth continued apace, the Fed was inclined to start raising interest rates, although she added the cautionary note that “no decision has been made.”" | Hawkish | November 4, 2015 | November 4, 2015 |
| 6 Janet Yellen Expects Interest Rate Increase This Year: "Federal Reserve Chairwoman Janet Yellen argued the case for raising short-term interest rates later this year, effectively lobbing a warning to skittish financial markets that last week’s decision to keep rates near zero wasn’t a shift toward an interminable delay of liftoff." | Hawkish | September 24, 2015 | September 24, 2015 |