His assertion that 'a vigilant Fed will affect the necessary alignment of the growth of aggregate demand with the growth of potential aggregate supply' leaves little room for doubt as to where interest rates are headed.
More Quotes from Ian Shepherdson:
These data again show that when people have substantial net assets, slower income growth need not kill spending,Ian Shepherdson
This testimony did not give the impression that he is in a great hurry to cut rates immediately.
Ian Shepherdson
This is a low enough number to be interesting, but not so low that it clearly marks a favorable shift in the trend,
Ian Shepherdson
We doubt this can be sustained as the reality of 2.60- plus sinks in. For now, though, it looks good.
Ian Shepherdson
This report is stronger than it looks and is consistent with the industrial recovery gathering pace,
Ian Shepherdson
There may be some adverse seasonal effects at work in the claims numbers, thanks to the late Easter, but the underlying trend is surely unfavorable, ... A reversal requires a quick and steep recovery in business confidence.
Ian Shepherdson
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