We weren't running our heaters very much this winter and this would have the effect of slowing down production,
More Quotes from Diane Swonk:
The question is not whether the consumer is slowing. From the Fed's perspective, it's whether the consumer is slowing down fast enough to keep inflation in check,Diane Swonk
Iraq and corporate governance issues have bogged down capital investment decisions. We're seeing companies that are ready to go they're just waiting for a sign.
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
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
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.
Diane Swonk
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
Diane Swonk
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