Data are pointing to very strong growth in the fourth quarter. The pessimistic viewpoint, which has seen its grip on reality slip to the last knuckle in the past few months, is now holding on by its fingernails.
More Quotes from Brian Wesbury:
By cutting interest rates too far...the Fed is using the monetary equivalent of a corked bat, ... The end result will be more damage from lower rates, more volatility in future interest rates and more confusion about what monetary policy can and cannot do.Brian Wesbury
The Fed's work is beginning to have an effect, ... The economy is definitely beginning to exhibit signs of slowing. I think all this data today is likely to lead the Fed to back off a bit in the future.
Brian Wesbury
Any reduction is going to take away from my forecast of any boosted growth,
Brian Wesbury
Investment strategies based on the supposed link between deficits and interest rates have never been profitable.
Brian Wesbury
When we look at these numbers today, I don't think it's going to cause the Fed to move at all. Inflation is still low...the job market is growing moderately.
Brian Wesbury
Despite the decline in headline producer price pressures, the risks of deflation have clearly vanished and signs of inflationary pressures have emerged. With the Fed holding real rates below zero, we expect producer prices to continue their upward trend in the months ahead.
Brian Wesbury
Readers Who Like This Quotation Also Like:
Based on Topics: Past Quotes, Reality QuotesBased on Keywords: knuckle
As a rule, I am very careful to be shallow and conventional where depth and originality are wasted.
Lucy Maud Montgomery
God helping me, I will help my brothers and sisters in Christ, because they are my brothers and sisters.
Joseph Barber Lightfoot
But I still always felt the absence of a mother.
Marcel Carne