He is not going to give that much of an indication on his own, because this Fed chief is an effective politician.
More Quotes from Wayne Angell:
The markets are saying (a rate hike) is not only justified, but it's good news. It remains to be seen whether the economy will be stronger than we anticipate.Wayne Angell
Alan Greenspan tends to give a tougher talk in a speech when he is not going to raise rates than he does when he is going to raise rates. He either barks or he bites, and I think he is barking.
Wayne Angell
I've never seen a time when there's been such a blow-up of the kind of risk to the U.S. economy. We've taken a 2 percent trade drag for the first three quarters of 1998 and yet we're still averaging a 3.25 percent growth rate for these first three quarters.
Wayne Angell
The Federal Reserve engages in a series of rate hikes at the tail end of an expansion when inflation is accelerating. What the Federal Reserve has done today is they made that less likely and thereby this expansion is more apt to go on as long as the year 2000.
Wayne Angell
No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance.
Wayne Angell
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Terror made me cruel.
Emily Bronte
I think the things I wanted answered have been answered by people in the know that we can't talk about, so I'm perfectly happy with how Chewie came to be where he is and what is going on in Episode III.
Peter Mayhew