There seems to be a fight about every nomination that Bush puts up. But even if it was a 51-49 vote, it's not like they can recall him.
More Quotes from Drew Matus:
I would have thought people would have changed their earnings expectations given that higher rates were expected to slow growth. The expectation all along was that because of productivity growth, companies would be able to keep boosting their profit margins, even if they weren't producing as much in goods and services, but that's obviously is not the case.Drew Matus
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
Drew Matus
We expect a balanced speech that reaffirms that a March hike is likely, but that subsequent moves are data-dependent.
Drew Matus
The problem with higher energy prices is that they act like a tax on the American consumer. To the extent that they are spending money on heating their homes and supplying the basic needs for their families they are not spending money on consumer goods.
Drew Matus
Treasury has claimed it didn't want to issue anything beyond 10-years because that tied their hands. Now the market's thinking that if a 20-year is suddenly OK, then why not bring back the 30-year
Drew Matus
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
Drew Matus
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