Rick MacDonald Quotes (5 Quotes)

The day of reckoning is upon us. The question that will be answered Tuesday is whether the Fed believes that the recent spate of surprisingly strong inflation data indicates that they no longer have the luxury of taking a more cautious approach.

The statement, as usual, will be important. The Fed is widely expected to maintain a steady policy stance, but is also expected to acknowledge that the risks are still toward higher inflation.

I won't apologize for our success. We got them in a fair system. We work real hard. The problem is you have people who don't even try, and they continue to talk like they're there like we are, night after night, when they're not trying at all.

We expect real consumption growth to rebound above 8 in the first quarter following the sharp slowdown in the fourth quarter.

Although the numbers are in line with expectations, the gains will be especially worrisome to Fed board members who see tight labor markets as generating compensation gains that potentially boost inflation.