I think the Fed is erring on the side of caution, as a central bank should. That's why they left the direction in place. It could be this time they're holding tight too long. We'll know that only in hindsight, as unfortunate as that is.
More Quotes from Kathleen Camilli:
It may not be so bullish for the stock market, because we are a consuming nation.Kathleen Camilli
Every Fed chairman has been greeted with a trial by fire.
Kathleen Camilli
Housing continues to remain the anomaly in this downturn, with continued strength coming presumably from the impact of a low unemployment rate, good income growth and historically high levels of home affordability.
Kathleen Camilli
The events of this week make a more pronounced v-shape in the downturn. While obviously this will have a very short-term negative impact on us, investors should be focused on the next six-to-nine months.
Kathleen Camilli
It's a pretty big drop. It shows that we didn't have a large flow of imports and we know anecdotally that those cheaper imports, especially for the Christmas season, are coming.
Kathleen Camilli
The Fed is doing what it has to do, talking a tough line. It still remains to be seen when the upward pressure on wages will trickle up to inflation. Right now, the average American consumer has been untouched, unscathed by the events in Asia.
Kathleen Camilli
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