Janet Yellen Inflation Quotations

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

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.

I wouldn't be surprised to see core PCE inflation actually fall a bit over the next two years

Those of you who lived through the 1970s will remember that higher oil prices touched off a wage-price spiral that pushed inflation into double-digit territory.

Those of you who lived through the 1970's will remember that higher oil prices touched off a wage-price spiral that pushed inflation into double-digit territory,

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

A credible inflation objective could...enhance the flexibility of monetary policy to respond to the real effects of adverse shocks.

Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices.

I view decisions about the stance of policy going forward as quite data-dependent. On the one hand, I will be alert to any incoming data suggesting that economic growth is less likely to slow to a sustainable pace or that inflation is less likely to remain contained.

Higher oil prices may be partly passed through to core inflation at least for a time,