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.
More Quotes from Lynn Reaser:
This number shows that inflation is in a benign mode for the U.S. economy.Lynn Reaser
Statistics do lag changes in the economy. I believe we will be migrating to one economy that will be a new economy as many companies that have been around for years embrace some of the newer technology.
Lynn Reaser
The news makes people nervous about corporate management.
Lynn Reaser
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.
Lynn Reaser
Overall inflation remains quite benign. Companies selling to consumers and businesses have limited pricing power.
Lynn Reaser
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.
Lynn Reaser
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