Is the pressure on inflation behind us I think not. Inflationary pressures are not going to surge overnight, but they'll creep up.
More Quotes from Diane Swonk:
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,Diane Swonk
There's no reason to tip your hand because they are in a reactive phase.
Diane Swonk
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.
Diane Swonk
The Fed needs firm evidence that the tire has hit the ground and that we're really moving forward in a very firm way, ... They're going to wait to see second quarter GDP gross domestic product and more evidence that business investment and equipment spending, especially in IT information technology is firm before they move to start normalizing rates.
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
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