kick back, put up his feet for a bit and not have to carry the burden of keeping the economy going alone.
More Quotes from Diane Swonk:
What the Fed told us today is, we don't think we are done yet and we are not sure when we will be done.Diane Swonk
The Fed wants to see whether this July data, this bad economic data, was an aberration, and two months will make it clearer. If they see more instability in financial markets, they will take it lower.
Diane Swonk
It's a lot better than 1990-91, when we started out from a lower level, ... The bottom line is, consumers are going to be just fine. There's not going to be a bubble, like when we had 3.9 percent unemployment in April 2000. The labor market will tighten enough again, but for the moment it's going to be more balanced.
Diane Swonk
Not only are retailers doing more with less, like every other large corporation, and taking advantage of six fewer days in the shopping season, but they are actually hiring less this holiday shopping season, so there's fewer people on the floors actually helping consumers out.
Diane Swonk
We are a wealthy nation that rebuilds and fortifies. Ultimately, New York is going to more than recover the losses that this brought on.
Diane Swonk
The Fed will wait to see at least another month's worth of economic data before it makes a decision to ease. They want to see whether or not weak July data were more of an aberration or a trend -- two months will give them more cover to ease further.
Diane Swonk
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