Businesses are simply not able to pass any additional costs through to final consumers. They were bargain hunters in good times, and now they're really bargain hunters . This says there is room for the Fed to do whatever it needs to do to maintain growth.
More Quotes from Carol Stone:
We're dedicated to supporting mainstream jazz, and we don't veer too far off from that. But we do spend a lot of time thinking about how to make the festival grow and how to have a lot of variety. We have the avant-garde, the old jazz legends, the older musicians and younger musicians and we're known for our high-energy jam session.Carol Stone
Expectations for a half-percentage-point cut might fade a little bit. There's some firmness to these numbers, so it's not as dire as people had begun to think after last week's beige book.
Carol Stone
The last time we had him here before he passed away, he said
Carol Stone
The Fed should be very comfortable with this. They likely will shift the bias in their upcoming meeting to neutral.
Carol Stone
This obviously suggests that if they were going to tighten monetary policy and raise rates, it would be in a very gradual fashion.
Carol Stone
They're going very fast. I've already had 10 calls this morning. I've got people coming in right now for box springs and mattresses. They're bringing me another truckload of box springs and mattresses right now.
Carol Stone
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