Interest and Prices: A Study of the Causes Regulating the Value of Money. Translated by R.F. Kahn. London: Macmillan and Co. First published 1898. Yellen, Janet L. (2015). “Inflation Dynamics and Monetary Policy,” speech delivered at the Philip Gamble Memorial Lecture, University of Massachusetts at Amherst, Amherst, Mass., September 24. 8  BIS central bankers’ speeches  BIS central bankers’ speeches  9
Potential homeowners are unwilling to buy if they are uncertain about their income prospects. And credit standards will remain tight as long as lenders are concerned about borrowers’ ability to repay. For its part, the Federal Reserve remains committed to fostering maximum employment consistent with price stability, which should help reduce some of the macroeconomic uncertainty.