The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.
More Quotes from Dana Johnson:
I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.Dana Johnson
I don't think one 50 basis point move (by the Fed) is likely to be enough. It's going to be very hard for the stock market to move ahead. Profit margins are not going to be expanding. There's going to be nothing to offset the higher interest rates.
Dana Johnson
The affordability of light vehicles has been quite stable over the past ten quarters. Family incomes have been rising faster than vehicle prices, but higher interest rates have increased the cost of financing a new car.
Dana Johnson
It looks like another good year for California. Housing prices have got to slow down.
Dana Johnson
What we're spending our time debating is whether the Fed goes a quarter point or a half point.
Dana Johnson
These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.
Dana Johnson
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