Mr. Greenspan's 'conundrum' is a central issue here and asks whether the yield curve today means what it used to mean. Even if it does mean what it used to, the record is still pretty patchy anyway.
More Quotes from Anirvan Banerji:
We have a pretty good idea (that growth will slow) for the first half and maybe through the summer. Beyond that, we ought to be honest and admit that it gets fuzzy.Anirvan Banerji
There will be a time when inflation will turn around.
Anirvan Banerji
If you have one foot in a bucket of ice and another in a bucket of boiling water, on average you're perfectly comfortable. In that sense, we're very comfortable with inflation right now.
Anirvan Banerji
We've had ups and downs in payroll job growth. The month-to-month gyration is inevitable.
Anirvan Banerji
We're not in trouble. But at the same time it's quite clear that there is no sign of a sustained pickup in growth in sight. Our conclusion is don't worry, don't be happy.
Anirvan Banerji
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