He is warning the markets that the Federal Open Market Committee will very likely continue to raise short-term interest rates, given the continued growth in the economy. |
I think that this is an excellent sign to financial markets everywhere that the Fed will do whatever it takes to sustain this inflationary economic growth. |
It is certainly possible that the Fed could cut rates further, and it is very probable that the Fed will continue to pump liquidity into the markets, |
It's Christmas in May for traders. This was the wrong decision, and we're all going to pay the price for it. |
Never seen a Treasury secretary that has worked so well. |
There have been prior indicators that point in the same direction. The leading indicators have been almost uniformly pointing toward more employment costs, which is very important to [Fed Chairman] Alan Greenspan. |