We have to be able to restore in the minds of the financial community the creditworthiness of California and its public utilities, or we will not have the ability to borrow the money to keep the lights on,
More Quotes from Tom Higgins:
There is a real possibility that measured will be gone from the statement but that's not necessarily to say that the Fed is becoming more hawkish. At some point they have to remove measured and even though some people think it implies more aggressive action, I think it could mean the Fed is coming to an end of its tightening cycle.Tom Higgins
There's such a huge advantage to having a home playoff game that I'll make sure that the players aren't thinking anything in the back of their mind other than trying to win a football game,
Tom Higgins
The Fed has a three-pronged mandate. The first is price stability and that's probably the most important. Given how hard the Fed fought to get inflation down in the 1980s, Greenspan doesn't want to be the guy who let it back out of the box.
Tom Higgins
The market is factoring in a higher probability of a pause now but it's absolutely too soon to tell, ... By September 20, it may appear to be prudent to pause but the Fed will make the decision then depending on the severity of the economic damage.
Tom Higgins
We've always felt that way. I'm not surprised that when he had the opportunity to go in that he performed as well as he did.
Tom Higgins
You crank it up too many notches -- people use that term -- you get to a point where you can't perform,
Tom Higgins
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