That's basically what the statement says 'If the economy's weakness is not due to Iraq, we'll ease. If it is Iraq and things clear up, and we get the economy springing back, we'll leave things unchanged,'
More Quotes from Diane Swonk:
There's a difference between good growth and bad growth at this stage of the cycle and this is clearly not the kind of inflationary growth that the Fed gets overly concerned about,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
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
We were expecting sales to remain in record territory today, not set new records, ... This really underscores the silver lining to clouds abroad.
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
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Based on Keywords: springingMankind must remember that peace is not God's gift to his creatures; peace is our gift to each other.
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Much learning shows how little mortals know; much wealth, how little wordings enjoy.
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Deliberate violence is more to be quenched than a fire.
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