History tells us that the Fed has always overshot its tightening goal -- central bankers like to know the cork is firmly implanted in the bottle so that the inflation genie doesn't sneak out. The worst thing a central bank can do when fighting inflation is fall behind the curve. Therefore, we are fairly comfortable with our Street-high estimate.
More Quotes from Rich Yamarone:
You can't deny it was impressive and desirable. But at the same time you have to throw in unsustainable.Rich Yamarone
I don't necessarily think it'll be a knockout punch, but it'll deliver a blow to economic growth in 2005.
Rich Yamarone
Constraints in labor markets generally result in higher inflation, which would be met by a prolonged rate-hiking campaign by the Fed.
Rich Yamarone
It's Big Ben vs. Gentle Ben.
Rich Yamarone
Torrid economic growth normally results in torrid job growth. And that will probably flash red for Fed-watchers.
Rich Yamarone
Readers Who Like This Quotation Also Like:
Based on Topics: History QuotesBased on Keywords: genie, overshot
Each player, it will be observed, has eight superior Pieces or officers, and eight minor ones which are called Pawns; and, for the purpose of distinction, the Pieces and Pawns of one party are of a different color from those of the other.
Howard Staunton
Your hands, your eyes, your voice, your thoughts are your servants.
Loretta Young
The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical.
Henry George