Bill Dudley
Bill Dudley
William McGarvey "Bullet Bill" Dudleywas a professional American football player in the National Football League for the Pittsburgh Steelers, Detroit Lions, and Washington Redskins. He was inducted into the Pro Football Hall of Fame in 1966 and the Virginia Sports Hall of Fame in 1972...
ProfessionFootball Player
Date of Birth24 December 1921
economy good terms
This is a pretty good report, I thought, in terms of the economy getting better.
create expecting fed pleased problem retaining took
The problem with retaining your flexibility is you also create uncertainty. I'd be very pleased if the Fed took some new initiatives, but I'm not expecting it.
fed financial past volatile
Past transitions at the Fed have often been accompanied by volatile financial markets.
believe cost easy federal financial funds inflation labor next percent pressure rate reaches rising stop stronger unit until
We now believe that the FOMC won't stop until the federal funds rate reaches 5 percent next spring, ... Stronger growth, still easy financial conditions, a tighter labor market, and rising unit labor cost inflation all put pressure on the FOMC to keep going.
fed few inflation months nervous officials outlook
In our view, Fed officials are probably at least as nervous about the inflation outlook as a few months ago.
knew tight
I knew it was going to be a tight race.
charges four gun shoot shots six wild
Because it's better than doing nothing. A wild boar charges you and you shoot four of the six shots in your gun at it and it doesn't fall. Do you look at your gun philosophically and think, the first four shots didn't work, why bother?
best credit extra far field final four goal helped last points team
By far this is the best team we have played. They were in the final four last year. We have to give a lot of credit to Vince for this win. His field goal and extra points helped us out a lot.
above bit continuing economy grow interest looks maybe means numbers prospects rates telling trend turning
The numbers are telling us that the economy looks like its continuing to grow at trend or a little bit above trend pace. What this means is that the prospects for maybe interest rates turning up in 1997 still look pretty good.
evidence market nervous transition
There's very little evidence that the market is nervous about the transition at this point.
growth negative outlook terms
It's a pretty negative development in terms of the outlook for growth in the U.S.,
payroll skeptical somewhat
I think you have to be somewhat skeptical about the payroll number.
closed crack depend door fed further market statement whether wide
It'll depend on how the market interprets the statement and whether or not they can tell if the Fed closed the door to further hikes. If they haven't, they'll want to know how wide that crack is.
advocate bond continue decision expect market overdoing positions positive rally relatively treasury
The Fed's decision should be relatively positive for the bond market. They are not overdoing it and will do more if needed. We continue to advocate long positions and expect the Treasury bond market to rally considerably further.