What it tells us is that we may see a bit of an easing off of economic growth or momentum. But even though the trajectory of growth may, in fact, ease a bit in 2006, I think the expansion remains intact. |
What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower. |
What this does is basically vindicate Greenspan's policy, |
What this does is basically vindicate Greenspan's policy. In 2000, we're going to see more of a gradualist policy. |
What we need to weaken the dollar is [a] European Central Bank [interest-rate] easing. That would make our relative growth level that much less than Europe's and make Europe more competitive. |
What's different this time is that there is a lot more stimulus now than any time in the past 50 or 60 years. I've never seen a period with so much help from both the fiscal and monetary side. |
When I take the drought [in the Midwest] this summer with the orange juice situation, I feel more comfortable that, in the next nine months or so, we may see [rising] food prices...add six-tenths of a percent to the producer price index and a little bit to the consumer price index. That makes the argument for deflation that much more unreasonable. |
When one looks at the MBA data that reveal that applications for the purchases of new homes are down 7.5 percent on a year-over-year basis, it is not hard to see that the gain reported this month is not a sustainable trend. |
When the economy hits rough spots, gridlock is not good. |
When the economy is booming and you want to hire new workers, you have to attract them with money. Today, all you have to offer is a job. |
When the economy is creating 200,000 new jobs a month, we can tolerate $65 to $70 a barrel oil. It masks the impact on consumer confidence. |
When the economy starts to pick up, you're hesitant to hire workers back until you know [the recovery is] real. |
When we exclude the effects of the recent hurricanes, we have to come away with the conclusion that despite higher energy prices and a battery of hurricanes, the job market is not doing all that bad. |
When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating, |
When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating. |