Credibility is a key here. The Fed can't go out hammering away at some of these issues and then say, 'Oh, never mind,' when one of the key dates comes. So I think that's something else that sort of forces the Fed to put its cards on the table.
More Quotes from Robert Brusca:
Maybe the markets are glad to know they've got a cautionary guard at the monetary door,Robert Brusca
The number of Americans killed in Iraq during the peace is almost as great as the number killed during the war -- so we have an economic recovery that doesn't look like a recovery, and we have a peace that doesn't look like a peace.
Robert Brusca
To me, the concern right now is that holiday shopping has been spotty . We had a great Black Friday , the week after that was miserable and then sales ticked up again after that,
Robert Brusca
There are so many low-paid people who are educated that education is simply not the answer. The answer is, you will be unemployed if this is not stopped.
Robert Brusca
Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
Robert Brusca
I really don't think we're building inflation.
Robert Brusca
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