Subscribe

Janet Yellen: Where she stands on five key economic policy issues

If confirmed as Fed chairman, Janet Yellen would influence the trajectory of the economy going forward. Here's where she stands on five key policy issues facing the world's most powerful central bank. 

2. Jobs

  • close
    Janet Yellen, vice chairman of the Board of Governors of the Federal Reserve System, places her name plate at her seat at the International Monetary Conference in Shanghai, China.
    View Caption
  • About video ads
    View Caption
of

Yellen's academic research has focused extensively on what her Fed biography describes as the “causes, mechanisms, and implications of unemployment.” She views fostering job growth and reducing long-term unemployment as top priorities for the Fed, especially in nudging along the economic recovery. 

“Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high,” she wrote in a 2004 paper with her husband. “A week of unemployment is worse when it is experienced as part of a longer spell.”

She was a major influence in creating the Fed’s third round of quantitative easing, which was specifically targeted at lowering unemployment by reducing interest rates. And the job market should be the chief determining factor in scaling back those purchases, she says. 

2 of 5

 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
FREE Newsletters
Get the Monitor stories you care about delivered to your inbox.
 

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK