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.
More Quotes from Brian Wesbury:
All of a sudden, this mystery of strong growth and low inflation doesn't seem such a mystery any more. This is exactly what the new economy is all about.Brian Wesbury
Now when people start to put together the pieces, it sure looks like the damage done to the financial markets from deflation around the world and a Fed that's too tight is beginning to rear its ugly head.
Brian Wesbury
Any reduction is going to take away from my forecast of any boosted growth,
Brian Wesbury
It will lead to an increase in stock market value, which will help bring initial public offerings back into market, along with merger and acquisition activity, which has been sorely missed in past two or three years. That added financial market activity comes along with a lot of real economic activity as well.
Brian Wesbury
The Fed is going to have a very difficult decision, and I think a lot will depend on what some other numbers on the economy will do and what the stock market does.
Brian Wesbury
The Fed's work is beginning to have an effect, ... The economy is definitely beginning to exhibit signs of slowing. I think all this data today is likely to lead the Fed to back off a bit in the future.
Brian Wesbury
Readers Who Like This Quotation Also Like:
If we refuse to accept as inevitable the irresponsibility and educational unconcern of the adolescent culture, then this poses a serious challenge.James S. Coleman
In the Brown decision, the United States Supreme Court unanimously struck down the legal and moral footing of racially segregated public education in this country.
Bobby Scott
Love is an attempt to change a piece of a dream world into reality.
Theodor Reik