His comments fit with the basic idea of a pause at a 5 or perhaps 5.25 funds rate - more likely the former, but with no presumption that this will be the peak in rates.
More Quotes from Alan Ruskin:
The problem with inflation targeting is that it carries with it a risk of less flexibility at times, and that could be problematical. But it also makes policy less of a black box, so policy is likely to be more transparent.Alan Ruskin
I think the only clear sign that would really tell you that inflation should be rising at this point is, of course, the rise in hourly earnings, ... But at this stage, from what we've seen, corporations seem to be taking it in terms of lower profit margins and, therefore, not necessarily pushing up prices.
Alan Ruskin
There should be no doubt that instability in the region should have a profound impact on the long-term risk assessment globally.
Alan Ruskin
The Bank of Japan has effectively crowded out 'crowding out,'
Alan Ruskin
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
Alan Ruskin
The Fed Chairman would be very happy if the bond market did some of the tightening for him. And I think if we saw the long bond yield back above, say, 6.75 percent, edging towards 7 percent, that would limit some of the restraint the Fed would have to impose on the economy.
Alan Ruskin
Readers Who Like This Quotation Also Like:
Words are the basic tools, if you are a writer. But why? Why do you choose one set of tools rather than another?James D. Houston
Living in this manner also gave them the opportunity to locate targets and develop methods of attack that would make the most impact on the population, infrastructure, and governments of these areas.
Jo Bonner
I've been in Washington ever since 1981, trying to get out!
Pat Oliphant