If inflation is around the corner, the Fed doesn't want to meet it -- it wants to kill it before it gets around the corner. The Fed wants to make sure that there are no significant cost pressures in the economy.
More Quotes from Richard Babson:
What you are seeing now is the buying of individual companies in the Dow for value. It is less a question of tech versus financial stocks, and more a question of looking at specific companies.Richard Babson
It's always nice to keep some of your powder dry. We like to buy and hold for the long term. So we'll make a specific judgment about the quality of a company, and we'll be buying it over time.
Richard Babson
If there's continued strength in employment costs, I believe the Fed will raise rates 50 basis points to slow economic growth by a couple of notches.
Richard Babson
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