Anirvan Banerji Quotes (12 Quotes)

Despite the general eagerness to declare that the soft patch is behind, the return to robust growth is nowhere in sight.

Four years ago, the economy was in a very vulnerable state. Right now, the economy's window of vulnerability has slammed shut. Even though oil prices might have some impact on consumer spending, it's not likely to trigger a new downturn.

If you have one foot in a bucket of ice and another in a bucket of boiling water, on average you're perfectly comfortable. In that sense, we're very comfortable with inflation right now.

Mr. Greenspan's 'conundrum' is a central issue here and asks whether the yield curve today means what it used to mean. Even if it does mean what it used to, the record is still pretty patchy anyway.

There will be a time when inflation will turn around.

We've had ups and downs in payroll job growth. The month-to-month gyration is inevitable.

We have a pretty good idea (that growth will slow) for the first half and maybe through the summer. Beyond that, we ought to be honest and admit that it gets fuzzy.

There are times when the economy is resilient. In all of the shocks where recession resulted, it's like things were lined up like dominos -- you knock one down and they all come down. This is not one of those times.

There are times when the economy is quite vulnerable, so a gentle push (from oil) can tip the economy into actual recession.

We are in a situation where we have rising raw material prices, which are very important in China, and a rise in food prices, which are important to Chinese laborers. That's inflationary, and these costs are being passed around.

The expansion we have now is a resilient one. At this point in the business cycle, even if you have significant shocks from oil, terrorism or a big drop in dollar, they are not going to derail the expansion.

We're not in trouble. But at the same time it's quite clear that there is no sign of a sustained pickup in growth in sight. Our conclusion is don't worry, don't be happy.