The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 911 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
More Quotes from Mark Zandi:
It will cost you some money in fees. But in 2007, when the market is at its worst and your mortgage is resetting and you're looking for a lender to refinance you out, you just may not find one.Mark Zandi
A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.
Mark Zandi
The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
Mark Zandi
The economic data in the next couple of months will look pretty weak. There will be significant political pressure on the Fed not to tighten.
Mark Zandi
The economy is strong, and if history is a guide it should suggest inflationary pressures should develop, but they haven't. Given the crosscurrents in the economic inflation data, it will difficult for him to be clear-cut.
Mark Zandi
In the next few months, there's no upside. And this winter, we're going to feel it more noticeably as people pay record gas prices and record home-heating bills.
Mark Zandi
Readers Who Like This Quotation Also Like:
Based on Topics: Confidence Quotes, Finance Quotes, War & Peace QuotesMonofilament is what you use to go fishing. The line on your fishing rod is probably going to be black. You get to the end of the line and you tie on this clear plastic, thin thread called monofilament.
John Badham
Two quarters doesn't make a trend, but it's a heck of a lot better than none.
Phil Condit
Divine right went out with the American Revolution and doesn't belong to the White House aides. What meat do they eat that makes them grow so great?
Sam Ervin