obviously something that (the Fed) is trying to stretch for, saying, 'Well maybe people aren't trading job security for wages anymore.'
More Quotes from 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
More and more retailers are feeding on a smaller consumer pie, and many are going away hungry, ... What Wall Street Wants from the Retail Industry.
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
The consumer is not about to die on us, but let's face it, it's time for them to give a little slack to the business sector.
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
Spread of violence into Iran. That's what I worry about. That's not in my control, though.
Diane Swonk
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesI remain just one thing, and one thing only, and that is a clown. It places me on a far higher plane than any politician.
Charlie Chaplin
Acting is nothing more or less than playing. The idea is to humanize life.
George Eliot
I am a firm believer that if you score one goal the other team have to score two to win.
Howard Wilkinson