Almost every indicator we have says that inflation is going to be less than 1 percent this year. That means that the 5.5 percent Federal Funds rate is too high.
More Quotes from Brian Wesbury:
When we look at these numbers today, I don't think it's going to cause the Fed to move at all. Inflation is still low...the job market is growing moderately.Brian Wesbury
Any reduction is going to take away from my forecast of any boosted growth,
Brian Wesbury
If you put yourself in his shoes, he's never had a greater value in the marketplace than today. Every day the value of that ... diminishes.
Brian Wesbury
As the odds of a Bush victory fell in the summer, so did the stock market. In the past two weeks ... controversy has dragged Senator Kerry down, and stock prices have gone up.
Brian Wesbury
Real GDP in the third quarter and into the fourth will clear 4 percent, ... The economy has recovered after the war very strongly.
Brian Wesbury
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