There's no barrier to the Fed lowering interest rates significantly.
More Quotes from John Ryding:
The management of communication here and the way things were said has, I think, undermined a little bit of Fed credibility for now.John Ryding
This increasing activism by the Justice Department seems to be applying a model of competition that applied to 19th-century America, rather than 21st-Century America.
John Ryding
There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.
John Ryding
From the Fed's perspective, slack in the production sector continues to diminish, which should maintain Fed concerns about upside risk to inflation.
John Ryding
There is no doubt in my mind that inflation is low and heading lower. I think the patient hand should be willing to accumulate bond positions here.
John Ryding
We've created a buying opportunity in effect.
John Ryding
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