The Federal Reserve has been for some time thinking of the economy as having two diametrically opposing influences strength domestically and weakness overseas. There's nothing we've learned (today) that changes that view.
More Quotes from Neal Soss:
Once upon a time, business solved its problems by raising prices. Now, they solve their problems by cutting costs and getting better productivity. It reflects that productivity but doesn't force pricing, doesn't constrict profit margins. It's what an economy's supposed to do.Neal Soss
It is magnificent that inflation continues to be low, but retail sales are smoking.
Neal Soss
We're accustomed to the insights of government officials being authoritative. Greenspan's comments may be wise, but they aren't actionable anymore.
Neal Soss
It's a matter of words that don't have much content. The fact that they've said they have a bias to tighten means nothing if meeting after meeting nothing happens.
Neal Soss
The economy is doing fine. We're at the lowest unemployment rates in a generation. Inflation is hard to find. There's just aren't the kinds of problems that would induce to you take new medicine. So if the medicine at the moment is a 4-34 percent Fed funds rate, keep it there.
Neal Soss
In its own way, this activity of testifying before the Congress is most like being a professor. You start by giving a lecture. And then you submit, so to speak, to questions from your students. So temperamentally, I think he's very well-suited to this sort of congressional appearance.
Neal Soss
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Based on Topics: Time QuotesBased on Keywords: diametrically
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