(Bush) has got to be even more careful today. He has burned through a lot of political capital. He's got to put someone in who is going to be a slam dunk.
More Quotes from Diane Swonk:
A limited statement would be more productive because the Fed is trying to deal with psychological issues. They want the focus to be on their action, not their words.Diane Swonk
By the end of the year, there will be some builders with some overhang of construction relative to demand, ... Now's the time when you'd hope everybody cools off a bit and moderates their building, but that's not human nature -- and it's not the way for homebuilders to make money in the near term.
Diane Swonk
It's all vehicle sales and gas. Chain-store sales were relatively strong during the month, suggesting consumers diverted their vehicle spending to other sectors. We also had a cold snap which prompted early spending on winter wear.
Diane Swonk
They're now looking at the demand trade-off on oil prices, not just the inflation trade-off, which will make Fed policy much more complicated. It's a subtle but important change.
Diane Swonk
There's no reason to tip your hand because they are in a reactive phase.
Diane Swonk
The worst-case scenario assumes that a military strike against Iran would occur late in the year.
Diane Swonk
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