This will no doubt give protectionists in Congress some ammunition as the mid term elections approach.
More Quotes from Paul Ashworth:
He has been careful to address all possible concerns about his leadership in Congress, in financial markets and among his Fed colleagues.Paul Ashworth
We previously feared growth could dip below 2 percent.
Paul Ashworth
I do not expect core inflation to rise much above these levels. But were it to do so, this would seal the case for more rate rises.
Paul Ashworth
It is not clear exactly why confidence is falling but it may have been dented by concerns over the cooling housing market. The contrast between the buoyancy of current economic conditions and caution over the future is now the sharpest since 911.
Paul Ashworth
Today's inflation figures will reinforce the belief that the Fed only has one or two more interest-rate hikes up its sleeve before it rests. The lack of any significant upward pressure on inflation should help persuade the Fed to raise rates no higher than 5 percent.
Paul Ashworth
While the drop in gasoline prices makes these sales figures look bad, it is of course good news for spending in real terms, which is what really counts.
Paul Ashworth
Readers Who Like This Quotation Also Like:
Based on Topics: Congress Quotes, Government QuotesBased on Keywords: protectionists
I wanted to write for Broadway.
Cynthia Weil
Israel has always been and must always be America's strongest ally.
George E. Pataki
We were talking about the space between us all and the people who hide themselves behind a wall of illusion. Never glimpse the truth - then it's far too late when they pass away.
George Harrison