We are at a time in the cycle when you don't need to just turn down the flames on the fire, you have a pot that is already boiling. What the Fed is concerned about is that even as you begin to turn down the flames that pot will still boil over.
More Quotes from Diane Swonk:
obviously something that (the Fed) is trying to stretch for, saying, 'Well maybe people aren't trading job security for wages anymore.'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
If they move between meetings it's usually a move to shore up confidence.
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
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
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
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Based on Topics: Fire Quotes, Time QuotesIf you're afraid of losing, then you daren't win.
Bjorn Borg
I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.
Daniel Yergin
But the disparaging of those we love always alienates us from them to some extent. We must not touch our idols; the gilt comes off in our hands.
Gustave Flaubert