The initial impression ... was of a chairman who did not want to shock the markets. The general tenor of the prepared remarks was that he would not take any chances with inflation, while retaining the risk management approach of his predecessor.
More Quotes from Rob Carnell:
Substantial loss of life would obviously lead to a decline in economic output but we believe fear of infection, leading to drastically altered behavior, would result in the greatest economic damage.Rob Carnell
There is a danger that the stronger euro will snuff out the data, ... But at this point in time I would be very surprised if anyone is thinking about a rate cut, and instead they will be thinking about what is the timing of the first rise.
Rob Carnell
We cannot begin to quantify the potential damage in terms of gross domestic product, but a realistic scenario might be GDP declines in the tens of percent, ... In the case of slower growing economies such as Europe or Japan, a decade's economic growth could be wiped out.
Rob Carnell
Alan Greenspan...will likely add flesh to the bones of the FOMC statement. We believe there can be little doubt that Greenspan's testimony will be hawkish,
Rob Carnell
But while the market seems to have bought the story of further Fed tightening almost in its entirety, they do not yet seem to be taking the next step and considering what this will do to the economy.
Rob Carnell
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Based on Topics: Chance Quotes, Danger & Risk QuotesThe U.N. has been so disappointing to date on the whole Rwanda issue that despite the people they've sent through, and I have no doubt their competence, in the end, the decision is going to be made by other people and not by them.
Tony Greig
I know that my life is going to be hell from here on.
Susan Smith
First and last, what is demanded of genius is love of truth.
Johann Wolfgang von Goethe