In 2009, during the height of the Great Recession, Janet Yellen made a bold statement that sent shockwaves through the financial world. In an interview with 60 Minutes, Yellen, who was serving as the President of the Federal Reserve Bank of San Francisco at the time, famously exclaimed, “They’re f****** people.”
This powerful statement from Yellen not only captured the severity of the economic crisis unfolding at the time but also highlighted the human impact of the financial turmoil that was sweeping across the country. Yellen’s blunt assessment of the situation underscored the urgency and gravity of the situation, as millions of Americans lost their homes, jobs, and savings in the wake of the recession.
As one of the leading voices in economic policy and decision-making at the time, Yellen’s words carried significant weight and resonated with many who were personally affected by the economic downturn. Her frank assessment of the situation stood in stark contrast to the carefully crafted and often opaque statements that were common in the world of finance and economics.
Yellen’s willingness to speak truth to power and to call out the human cost of the recession endeared her to many who were struggling during this difficult time. Her empathy and understanding of the challenges facing everyday Americans during the crisis helped to humanize the economic downturn and underscored the need for swift and decisive action to address the root causes of the recession.
Yellen’s words would prove to be prescient, as she would go on to serve as the Chair of the Federal Reserve from 2014 to 2018, overseeing the recovery and resurgence of the U.S. economy in the aftermath of the Great Recession. Her leadership during this critical period helped to stabilize the economy, create jobs, and restore confidence in the financial system.
In the years since her candid interview on 60 Minutes, Janet Yellen has continued to be a leading voice in economic policy and has championed policies that prioritize the well-being of everyday Americans. Her willingness to speak truthfully about the human impact of economic crises has left a lasting impact on the field of economics and has served as a reminder of the importance of putting people first in times of hardship.
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See the full report on Treasury Secretary Yellen here: https://youtu.be/ZtKy-K1j5Ls
Dementia girl can't have this positiion. Shr can barely talk.
how to speak for 4 hours and say absolutely nothing. Yellen = expert at this feat.
She is what the French call, les incompetents.
Is it me, or does it seem like Janet is always Yellen?
Just proves she's always talked a big game but she's not good at her job…
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This the gal that totally missed inflation until it drove over everyone like a speeding train? Yeah, let's see what wisdoms she can articulate.
Janet says we have to worry about the people’s well-being after she allowed the disaster that occurred? And she’s sitting by watching it happen again! FTX is only the company that got caught. All of the stock market is filled with that type of companies.
She is paid to speak by citadel securities.
You guys still falling for the smart man/woman in a suit routine?
Heh, Ben Bernanke couldn't care less though, and he was her boss.