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.
More Quotes from Michelle Laughlin:
There's no sign whatsoever that strong (economic) growth is leading to higher inflation. The Fed is not going to upset the apple cart.Michelle Laughlin
The U.S. economy is quite strong right now however, globally there are still a good number of risks which exist.
Michelle Laughlin
Nearly unanimous. Nobody expects the Federal Reserve to move today.
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
There just has not been any appetite for corporate debt and corporate bonds.
Michelle Laughlin
The thing yesterday for the first time in a long time was reduced risk-aversion...it was the reverse of the flight-to-quality.
Michelle Laughlin
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