Since we believe that the underlying state of the labor market is quite healthy, we would expect any negative weather- related impact on the February data to be recouped in March.
More Quotes from David Greenlaw:
The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out.David Greenlaw
This is great news on the inflation front. It will be very difficult for the economy to generate any sustained rise in core inflation with unit labor costs showing such a high degree of restraint.
David Greenlaw
Overall retail sales growth in December should be robust.
David Greenlaw
Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability.
David Greenlaw
You have a much, much different situation today.
David Greenlaw
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