The economy is doing fine. We're at the lowest unemployment rates in a generation. Inflation is hard to find. There's just aren't the kinds of problems that would induce to you take new medicine. So if the medicine at the moment is a 4-34 percent Fed funds rate, keep it there.
More Quotes from Neal Soss:
The word 'measured' could very readily disappear now. They'll probably tweak the words one more time in the direction of being that much more open-ended, but maybe with the emphasis on 'ended' than 'open.Neal Soss
Once upon a time, business solved its problems by raising prices. Now, they solve their problems by cutting costs and getting better productivity. It reflects that productivity but doesn't force pricing, doesn't constrict profit margins. It's what an economy's supposed to do.
Neal Soss
It's a matter of words that don't have much content. The fact that they've said they have a bias to tighten means nothing if meeting after meeting nothing happens.
Neal Soss
We're accustomed to the insights of government officials being authoritative. Greenspan's comments may be wise, but they aren't actionable anymore.
Neal Soss
This committee still seems predisposed to raising rates a bit more, and the burden is on the data to tell them otherwise.
Neal Soss
The Federal Reserve has been for some time thinking of the economy as having two diametrically opposing influences strength domestically and weakness overseas. There's nothing we've learned (today) that changes that view.
Neal Soss
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Based on Topics: Generation Quotes, Medicine & Medical QuotesI don't believe in astrology; I'm a Sagittarius and we're skeptical.
Arthur C. Clarke
There are two tragedies in life. One is to lose your heart's desire. The other is to gain it.
George Bernard Shaw