The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.
More Quotes from Mark Zandi:
Consumers are reeling from the high energy bills and that has to be watched very carefully. Another month of falling consumer confidence would be disturbing.Mark Zandi
I don't really put too much weight on the big ups and downs in the energy prices. And food prices also fell. That probably is related to the warm winter weather, and we can't count on that continuing for very long, either.
Mark Zandi
Trade is far and away the largest weight on the U.S. economy at present. This is a risky time.
Mark Zandi
A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
Mark Zandi
Given the crosscurrents in the economic inflation data, it will be difficult for him to be clear-cut.
Mark Zandi
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.
Mark Zandi
Readers Who Like This Quotation Also Like:
Happiness is the interval between periods of unhappiness.Don Marquis
People may say that what I do is very clever, but it's not really at all. It's not Swift.
Rory Bremner
At a certain stage in his evolution, man himself had been able to lay hold upon a higher order of things, which raised him above the level of the beasts that perish, and enabled him to see, at least in the distance, the shining towers of the City of God.
Alfred Noyes