It does create a lot confusion and leads to different sides telling different stories -- not useful for making good public policy for the labor market,
More Quotes from John Silvia:
They see these older cities that others may have passed over or thought for dead as environments where they can really create their own living space.John Silvia
I would say the consensus is that the Fed goes to a neutral position on inflation.
John Silvia
Labor costs were one of the key inflation concerns cited by Chairman (Alan) Greenspan in his latest testimony, ... Our outlook reinforces his concern.
John Silvia
The economic recovery has legs -- those of a pony, not yet a quarter horse.
John Silvia
That means there is even more slack in the labor market than we had previously thought, giving the Fed even more reason to sit tight for the next several months.
John Silvia
What you're seeing is that inflation is rising, ... It's still at a low level, but you know what the trend is. The question to ask is, How much is too much At what point does the Fed say it's risen enough that we don't want it to go any higher That's the difficult question to answer.
John Silvia
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I am here wrongfully convicted and wrongfully sentenced.
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