My personal experience is that I find it exceedingly difficult to predict how people will interpret policy actions and the nuances of the press release.
More Quotes from William Poole:
We've been on a course of raising interest rates. The language in the last (Federal Open Market Committee) statement suggests that there was more to come...If we had wanted a different interpretation, we would have said something different,William Poole
It is highly desirable that policy practice be formalized to the maximum possible extent,
William Poole
The fact that housing might turn a little bit weak is not a sign that economic growth is at risk, but rather that you have displacement from one sector to a different sector.
William Poole
It is quite clear that the markets understand Fed policy to a much better extent than before.
William Poole
The market has a high degree of confidence the Fed will avoid
William Poole
Readers Who Like This Quotation Also Like:
Based on Topics: Experience QuotesWhen you first start doing it, being on tour is inspiring, because you've never been anywhere.
Dean Ween
There is no influence like the influence of habit.
Gilbert Parker
Having yet another vote on refinery legislation that uses high oil prices as an excuse to weaken environmental protections and to give more legislative gifts to the oil industry is misguided in the extreme.
Sherwood Boehlert