"I felt I wanted to talk about the Fed’s mission, and I wanted to do so in understandable terms, and to emphasize that unemployment is part of our mission. The recession has taken a particularly heavy toll on those who have less education and income—middle-income and low-income families—and the Fed’s concern with the job market is a theme I’ve wanted to get across. Why are we doing all these things that are in the newspapers all the time? I was trying to explain that we’re doing this to help American families who are struggling in the aftermath of the Great Recession."
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Janet Yellen, "The Hand on the Lever" in The New Yorker (July 21, 2014) by Nicholas Lemann
https://en.wikiquote.org/wiki/Great_Recession
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Great Recession
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