If you want to really help the economy right away, the fastest way to do that is to have the government spend the money itself, ... The next step would be to give tax cuts to low- and middle-income people, who are more likely to spend the money.
More Quotes from Sung Sohn:
I think we should know about candidates' desires and views, but I think it would be a mistake to assume that they will become reality.Sung Sohn
Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.
Sung Sohn
Business spending is the Achilles heel of the economy, ... The economic baton needs to pass from consumers to businesses.
Sung Sohn
All the pieces are in place to generate healthy economic growth for the balance of the year, ... But so far, political and economic uncertainties have overshadowed the strengthening in corporate profits.
Sung Sohn
Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.
Sung Sohn
There is no reason for the Fed to deviate away from the cautious policy approach, ... The central bank won't raise the interest rate until August or later.
Sung Sohn
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