For the Bush administration, Hubbard is a good soldier, he's out there being a cheerleader and the Fed says everything's OK. But you can't see their hands behind their backs, with their fingers crossed.
More Quotes from Paul Kasriel:
At the intermediate and crude goods levels, we continue to see pipeline pressures toward higher inflation. Next month, I suspect we're not going to see the tobacco offset, but maybe it will be something else.Paul Kasriel
We should get a little better growth in the second half -- but not enough. By the end of the year, maybe we will have enough to stabilize the unemployment rate, but I think we will probably see a further drift up in the unemployment rate.
Paul Kasriel
Fed policy-makers think their job now is to play a supporting role. They kind of want to drift into the background.
Paul Kasriel
You're going to see good profit growth over the next several quarters, but it's not going to be as strong as it's been of late. Still, it will be better than a poke in the eye.
Paul Kasriel
You can't make it up on volume if you're borrowing at 4.25 percent and lending at 4 percent.
Paul Kasriel
If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing.
Paul Kasriel
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Based on Topics: Soldiers QuotesBased on Keywords: cheerleader, hubbard
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