When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus.
More Quotes from Diane Swonk:
I think this is clearly the Fed saying 'we're willing to take out an insurance policy, we're not willing to risk recession',Diane Swonk
Larry Summers is the economic conscience of Rubin. He is the economic half of that team. Rubin had market smarts and the political savvy Larry Summers was, in many ways, the economic mastermind here.
Diane Swonk
If they move between meetings it's usually a move to shore up confidence.
Diane Swonk
Spread of violence into Iran. That's what I worry about. That's not in my control, though.
Diane Swonk
He's certainly opened the door to another rate cut.
Diane Swonk
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
Diane Swonk
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