If they (the Fed) had any plan whatsoever, they wouldn't be trying to micro manage the economy and target the stock market like they have been.
More Quotes from Bill Meehan:
This is all Greenspan. He's made it very clear that the Fed will go to neutral bias.Bill Meehan
I think there was a lot of optimism built into the market that a soft landing is coming and the Fed will be easing. The decline in the unemployment rate cast doubt on that scenario happening. The Fed continues to be concerned about the potential for infla
Bill Meehan
Unless you see substantially weaker growth and low core inflation, if energy prices remain high and the labor market remains tight, there are a lot of people who expect the next Fed move to be an ease.
Bill Meehan
Everybody knows the Fed is going to lower rates. You'll start hearing people talk about more than a 50-basis-point (a half-percentage-point) rate cut -- that wouldn't shock me.
Bill Meehan
Don't confuse weakness in the market as indicative of proof that the economy is coming apart at the seams. We're not in a freefall, economically speaking, and the technology sector has problems -- we all know that.
Bill Meehan
I think you'll see healthier and broader advances in the market. Now is the time for optimism.
Bill Meehan
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Based on Topics: Planning QuotesBased on Keywords: micro
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