22 ordspråk av Laurence Meyer

Laurence Meyer

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They could reduce tumors 88 percent overall and they could reduce 100 percent of cancerous tumors,

The staff and Don Kohn together are important sources of continuity, ... Kohn becomes more important.

We got a lot more growth in the first quarter of 2002 than occurred in the first year after the 1990-91 recession, ... The economy grew near 4 percent in the first half of this year. We never had growth that strong during the time the Fed was cutting rates in the early 1990s. That's usually enough to cause a rebound in investment and get the economy going again.

They could reduce tumors 88 percent overall and they could reduce 100 percent of cancerous tumors.

The staff and Don Kohn together are important sources of continuity, Kohn becomes more important.

That appointment got people scurrying back to their probability tables for the next Fed chairman, thinking the net might be wider and the person picked might be less credentialed, and that got people nervous.

The easy job has been done, unfortunately. Mistakes are more likely when you get closer to the end, not knowing where the end is, and that's where we are.

He didn't think about the economic world the way most of us do. It made it difficult for him to communicate. His model was fundamentally different from everyone else's. That is what we'll miss.

The challenge is in making day-to-day policy at a time when mistakes are most likely to be made.

It was the same policy message but with a little innovation in communication.

This is a very big story. It makes the challenge for the Fed a little greater.

If the Fed study is right, payroll employment would have to slow to well below that.

So far it's been an easy roll, with interest rates rising at a steady gradual pace.

The Committee continues to see the removal of accommodation as the focus of policy and has given no indication that it is close to the end of that process,

I expect the economy to rebound to above-trend growth. We just hit a soft spot in the second quarter, ... If it turns out that the economy continues to grow below trend ... if the data continue to be as weak as they have been in the past three months, with a sufficient rise in the unemployment rate, you can't rule [a rate cut] out.

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