shift gears, moving from its current stance, geared to stimulating a recovery, to a more neutral stance.
More Quotes from Anthony Santomero:
One reason for such confidence is our country has the biggest stimulus and lowest interest rates we have had for a very long time,Anthony Santomero
The outlook is for real gross domestic product to moderate a bit further over the course of the year and next, settling at a sustainable 3.0 pct annual growth pace.
Anthony Santomero
But rising energy prices, the infrastructure disruption recently experienced in the Gulf of Mexico and price adjustment of the housing market could affect the pace of growth, ... Given this scenario, we at the Federal Reserve will do our part to help sustain that growth by pursuing a monetary policy that preserves price stability for the long term.
Anthony Santomero
A number of sectors will need to transition before we can be confident of an acceptable level of economic activity.
Anthony Santomero
To keep cyclical price pressures and any transitory spike in energy prices from permanently disrupting the price environment, the Fed will have to continue shifting monetary policy from its current somewhat accommodative stance to a more neutral one,
Anthony Santomero
Any policy adjustment need not take place in the near future,
Anthony Santomero
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