I think they might leave it in one more time, but they are certainly moving to the point where they will need to modify or remove that language.
More Quotes from Lynn Reaser:We have basically an optimal present economic situation, with solid growth and benign inflation.
These numbers really indicate some pockets of weakness. It suggests manufacturers are having a difficult time in some sectors and it does suggest some areas of slowing within the economy.
They (investors) tend to overreact to individual economic reports which may be more statistical noise than an underlying trend which takes three to four months to develop, ... They tend to pay equal attention to almost any report that is relevant, and some are more significant than others.
Retailers are biting their nails because of the large decline in consumer confidence. But it remains to be seen whether consumers will vote with their feet.
Americans are saving very little out of their current income. The primary vehicle that's doing the savings for households is their home.
They are definitely off auto pilot. Although another increase at the end of March seems likely, the statement in the minutes reinforces the view that future policy steps will depend more on the behavior of economic statistics.
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One thing governors feel, Democrats and Republicans alike, is that we have a health care system that, if you're on Medicaid, you have unlimited access to health care, at unlimited levels, at no cost. No wonder it's running away.
The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew and act anew.
I don't believe that old cliche that good things come to those who wait. I think good things come to those who want something so bad they can't sit still.