Bush has been more open to having more of a bipartisan board than I've seen before. I didn't even give a moment's thought that Clinton would reappoint me.
More Quotes from Wayne Angell:
We're not likely to get the bond yield moving through that 4.75 percent level until we get past all this turmoil that is now in the market.Wayne Angell
No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance.
Wayne Angell
Chairman Greenspan's comments went further than previous Fed commentary on recognizing the degree of slowing in the economy and clearly pave the way for the Fed to switch to a neutral directive. Moreover, his comments further encourage us in our belief that the Fed will lower rates in the first quarter of next year.
Wayne Angell
The Federal Reserve engages in a series of rate hikes at the tail end of an expansion when inflation is accelerating. What the Federal Reserve has done today is they made that less likely and thereby this expansion is more apt to go on as long as the year 2000.
Wayne Angell
We already thought it was very, very strong and consumer spending has been a big factor, but the underlying tone seems to indicate that overall growth is tapering off.
Wayne Angell
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