Overall inflation remains quite benign. Companies selling to consumers and businesses have limited pricing power.
More Quotes from Lynn Reaser:
But we do believe there is a light at the end of the tunnel.Lynn Reaser
The economy was firing on almost all cylinders. It is continuing to show the resilience we've seen time and time again.
Lynn Reaser
We don't think we are going to have another recession ... We think there is enough stimulus in the pipeline, enough positive news in there to allow the economy to keep on a growth track for the next year.
Lynn Reaser
This is very good evidence that the interest rate hikes are working,
Lynn Reaser
All the components are above the break-even point of 50. There is also relief in the prices paid component from lower energy costs along with easing in delivery time.
Lynn Reaser
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.
Lynn Reaser
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