The whole debate about whether deflation is a risk has come full circle.
More Quotes from Michelle Laughlin:
It's not worse than what we've seen, so I think the market can weather it.Michelle Laughlin
This tells me the Fed is correctly looking forward, looking at the risk of consumers pulling back in spending because stocks have fallen. They're working in anticipation of that to make sure the U. S. economy does not slip into recession. I'm very encouraged by the Fed's action.
Michelle Laughlin
The Treasury is issuing 37 billion worth of additional supply and that's leading to some indigestion in the markets as well.
Michelle Laughlin
There just has not been any appetite for corporate debt and corporate bonds.
Michelle Laughlin
I really think, in the end, it probably doesn't matter for the Fed. They have made it clear that they want to be preemptive. They want to take action before signs of inflation are apparent so they can get ahead of the curve, and (that way) they have to do less in terms of raising interest rates instead of doing more.
Michelle Laughlin
His testimony today is so important because the markets, in the wake of his comments suggesting the Fed has shifted have gone so far as to price in an ease.
Michelle Laughlin
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