If you have one foot in a bucket of ice and another in a bucket of boiling water, on average you're perfectly comfortable. In that sense, we're very comfortable with inflation right now.
More Quotes from Anirvan Banerji:
The expansion we have now is a resilient one. At this point in the business cycle, even if you have significant shocks from oil, terrorism or a big drop in dollar, they are not going to derail the expansion.Anirvan Banerji
We are in a situation where we have rising raw material prices, which are very important in China, and a rise in food prices, which are important to Chinese laborers. That's inflationary, and these costs are being passed around.
Anirvan Banerji
Despite the general eagerness to declare that the soft patch is behind, the return to robust growth is nowhere in sight.
Anirvan Banerji
There are times when the economy is quite vulnerable, so a gentle push (from oil) can tip the economy into actual recession.
Anirvan Banerji
We're not in trouble. But at the same time it's quite clear that there is no sign of a sustained pickup in growth in sight. Our conclusion is don't worry, don't be happy.
Anirvan Banerji
We've had ups and downs in payroll job growth. The month-to-month gyration is inevitable.
Anirvan Banerji
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