It's another in the long series of the no-news-is-good-news story about inflation.
More Quotes from Bill Cheney:
It's shocking that you're looking at almost no growth anywhere else.Bill Cheney
We're still looking at job growth, but not enough to prevent unemployment from rising. If there were no special factors explaining this, it would be a rather dramatic piece of news.
Bill Cheney
Inflation is a potential risk. It's not a reality yet.
Bill Cheney
I think it's totally a blip. I expect to see pretty healthy growth in 2006. We'll be back to 4 percent next quarter.
Bill Cheney
Today's rate cut was no surprise. Even the half-point cut was more or less expected. In fact, the economy is still weak enough for the Fed to feel free to keep easing.
Bill Cheney
When demand does start to rebound, the Fed will have to deal with the delayed effects of a year of aggressive monetary stimulus. Short-term rates will almost certainly have to rise faster and farther than seems credible today. Of course, this is a problem that we now feel we would enjoy facing.
Bill Cheney
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