As auto sales taper off, we'll see a reallocation of spending. A resolution of the Iraq situation will cause a relief rally and get companies to invest back into the business, ... Also, oil prices will plummet and that typically stimulates real income growth.
More Quotes from Diane Swonk:
Is the pressure on inflation behind us I think not. Inflationary pressures are not going to surge overnight, but they'll creep up.Diane Swonk
He'd like to bring in inflation targeting. (But) he must build consensus to do so and he doesn't have consensus now. I think he's going to make a smooth transition, but it's going to be an evolution in policy change.
Diane Swonk
The Fed will sit on its hands. There's really no reason to do otherwise. The economy's falling into place as the Fed thought -- it's in a soft spot, with some light at the end of the tunnel.
Diane Swonk
When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus.
Diane Swonk
It adds up on paper to look a lot better than what it feels to people, ... not as many people are sharing in the economic gains.
Diane Swonk
We are at a time in the cycle when you don't need to just turn down the flames on the fire, you have a pot that is already boiling. What the Fed is concerned about is that even as you begin to turn down the flames that pot will still boil over.
Diane Swonk
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Based on Topics: Business & Commerce QuotesBased on Keywords: plummet, reallocation, taper
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