There's no case for no cut at all at this point. There have been better economic numbers, but policy makers expect to see that. If I interpret what they've been saying correctly, this economy could grow 4.5 or 5 percent for a year without putting upward pressure on inflation.
More Quotes from Wayne Ayers:
They're acknowledging reality. They're saying, 'We'll do what we have to do if future events warrant,' but I still don't think they plan on doing anything anytime soon.Wayne Ayers
It's clear the consumer has progressively turned more cautious and conservative. Given that, and given that business capital spending has yet to come back, how long can this recovery keep on going These numbers certainly make that a legitimate question.
Wayne Ayers
The anecdotal evidence of the beige book seems to confirm what all these economic reports have been saying.
Wayne Ayers
It's unclear what lower rates would do. If it's really true that productivity and structural changes are causing labor market weakness, it's not clear that another cut in rates would be helpful to the labor market.
Wayne Ayers
The good news is that this is going to go directly to the corporate bottom line. That's a real plus for profits, which means a real plus for corporate spending and the recovery going forward.
Wayne Ayers
I'm not sure Taylor has the political savvy for the job. Greenspan had been in Washington a long time and had a solid reputation. It was no surprise when Volcker was replaced by Greenspan because he was the obvious choice waiting in the wings.
Wayne Ayers
Readers Who Like This Quotation Also Like:
Climbing to the top demands strength, whether it is to the top of Mount Everest or to the top of your career.Abdul Kalam
The only football players in my time were fellows who really loved to play football. They were not in it for the money. There wasn't much money there. They would have played football for nothing.
Red Grange
I was 82 years old before Who's Who thought I was enough of a big shot to do a piece on me.
Joseph Barbera