David Gilmore Quotes (33 Quotes)

Change is difficult. But I will make you one promise. When we are finished here, I believe everyone involved will be pleased to have gone through the struggle -- because life will be better.

We have to start thinking about the Fed moving from a neutral to a more restrictive policy. I wouldn't rule out a 6 percent Fed funds rate if the economy stays hot.

Otherwise a spend-prone fiscal policy teamed with a pro-growth monetary policy could be problematic for the U. S. economy and currency ahead.

Markets become disorderly due to aggregate psychology. That's difficult for anyone to assess at any time, but you look for red flags, like significant overreactions to data.

If the ECB has to intervene regularly to support the euro, it is sending the wrong message to the public, who will be carrying euro notes and coins in 2002,

Removing currency risk is key to getting Japanese investors to buy U.S. assets, which will help keep U.S. interest rates down.

Europe has double-digit unemployment and no inflation problem, ... Any European Central Bank tightening will be swamped by much more from the Fed.

A Bush administration probably would want to sever associations with Clinton policies,

Little is known about O'Neill's views on key policy issues such as the dollar and the proposed tax cut,

What we do know is somewhat reassuring, even if there are significant gaps in his international economic policy resume.

The question is, is this a turning point in the US trade deficit

The failure of reformers to wrest control of the ruling party away from Prime Minister Yoshiro Mori is widely seen as a setback for revitalizing Japan,

No more turning away from the weak and the weary. No more turning away from the coldness inside. Just a world that we all must share. It's not enough just to stand and stare. Is it only a dream that there'll be no more turning away.

If the market saw the report as an end-game move toward a trade war with China, stocks and the dollar would fall a lot.

It looks like it will be a case of history repeating itself. The euro will head downhill after the rate rise.

There is no immediate threat of intervention by the European Central Bank.

The Federal Reserve is nearing the end of its tightening cycle, and the European Central Bank could tighten more.

You would have to be blind, deaf and dumb not to see that as pointing to a direction for the dollar.

We are near a point this month that could see the early arrival of the weak dollar trade.

The market is not focused on imbalances, but rather interest rates and in the US right now they are high and getting higher across the yield curve.

The message from Fed officials is clear You don't take a record expansion and shut it off with two months of data. There is no risk of a hard landing.

That would represent back-to-back quarters of growth, a noteworthy achievement.

More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult.

Lindsey will assure the strong-dollar policy is intact, even if O'Neill from a business standpoint at Alcoa knows the benefits of a weak dollar.

Why the hell would you put me on the WHAP board when it's not doing anything. I want to be where the action is.

Look for the imbalances theme to get loads of attention at the G-7 meeting. Doing nothing elevates the risk of a disorderly adjustment.

What makes some red in the face is that (Greenspan) can speak about Fed policy and the economy just days after leaving the Fed, when his insights are most relevant. Look at Eurodollar futures today if you have any doubt.

The dollar is getting batted back and forth from U.S. data indicating that Fed will raise rates to data that indicates the opposite. I don't think there's enough data on the table for anyone to predict what the Fed will do.

And slowdowns in the U.S. economy and the Asian regional economies, along with high oil prices, raise questions about fourth-quarter growth in Japan. Private demand is weak by any measure. Japanese exporters are complaining about the weak euro, and exports are beginning to slow.

The chart of oil priced in euros is not a pretty picture.

Japanese individual investors continue to shun risk, and the notion of putting money into foreign assets is repugnant.

It's become virtually an unprofitable period for most institutions trading major currencies and government bonds. The real opportunity has come from commodities, global equities and emerging markets.

With little evidence that tightness in the U.S. labor market is slackening, and oil prices a wild card for inflation as winter approaches, the FOMC had few options but to remain vigilant about inflation,