Each Fed Chairman has to go through his own, on-the-job, trial by fire. There is no other way.
More Quotes from Robert Brusca:
Trends show a sharp surge on auto spending in July but little strength elsewhere. Most disturbing is the ongoing sluggishness for services. Demand there is hovering around (annual) gains of 2 percent. That won't create many jobs.Robert Brusca
When you get abnormally warm weather, the seasonal factor will blow this up into a big gain. Once we lose this weather effect, we'll see how much of an employment gain we get.
Robert Brusca
I don't think there's anything the Fed can make better by raising rates faster, ... They've gotten rates up a lot in the past year already. Inflation had accelerated because of oil but core inflation is still low and hardly anything to get excited about.
Robert Brusca
Inflation decelerated across a broad spectrum of core CPI areas -- about 40 percent of prices in the core showed declines in their year-over-year growth rate. That's a big proportion. The Fed is concerned and has a reason to be concerned.
Robert Brusca
As the rest of the world begins to recover and capital finds a better home overseas because U.S. bond yields don't look attractive and the U.S. stock markets looks like it fully valued or overvalued, ... (then) money doesn't flow here. And when money doesn't flow here, it starts to push bond yields up, and that starts to slow our growth and make the stock market look worse, and you start to get into this vicious circle instead of this wonderful circle you're in now.
Robert Brusca
Wal-Mart still has good prices for 11 months of the year. Consumers won't damn them for one slippage in November, ... But Wal-Mart has some fierce and desperate competitors forming alliances.
Robert Brusca
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Based on Topics: Fire QuotesThey put me on television. And the whole thing broke loose. It was wild, I tell ya for sure.
Elvis Presley
People who vote against this today are voting against me and I will not forget.
Ted Stevens
I have worked with a great many comedians as opposed to comics, although I have worked with comics as well, I make the distinction.
Bobby Darin