Janet Yellen: 5 Quotes You Should Know From the Outgoing Fed Chair
Janet Yellen just gave her last press conference as chair of the Federal Reserve before her likely successor steps into the role, and as the first woman to lead the central bank, Yellen has played an instrumental role in encouraging greater diversity within the economic and banking community. Yellen did a good job of reflecting the consensus of the entire Federal Reserve, but she also had certain topics that were especially important to her. The five following quotes from Janet Yellen reveal some of her most inspiring words she had during her time atop the Fed.
Listening to others, especially those with whom we disagree, tests our own ideas and beliefs. It forces us to recognize, with humility, that we don't have a monopoly on the truth.
Yellen joined the San Francisco Fed branch in 2004, and her time there and her subsequent roles as vice-chair and chair of the Fed came during periods of extreme uncertainty and crisis. Given the unprecedented situations that policymakers faced during the housing boom, the ensuing bust, and the financial crisis that followed, Yellen took positions based on her beliefs, but she was willing to admit that not all of her views turned out to be correct. Experience taught her to be humble, and investors can learn a lot from their own mistakes and their need to acknowledge their limited abilities to foresee future events.
Source: Fool.com
