What can the Fed do about WorldCom This is not an interest rate problem. This is not something they should be involved with, ... I'm sorry, Wall Street, but you can't look to the Fed to save you when they don't have the tools to save you on this one.
More Quotes from 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
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
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
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
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
Spread of violence into Iran. That's what I worry about. That's not in my control, though.
Diane Swonk
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