Charles Lieberman
Charles Lieberman
adequate economic economy evidence indicate might slowing suspect
I think there's been a slowdown in economic activity, but I don't think it's been an adequate slowdown and I suspect it might be temporary. There isn't a lot of evidence yet to indicate that the economy is slowing notably.
built currently expected forward increase interest rates suspect
I suspect that interest rates must increase considerably more than is currently expected or has been built into forward markets.
economy equity fed fighting hike market people rates recognize
The economy is doing a lot better than people recognize and therefore, the Fed may have to hike rates more than they expect. The equity market is fighting the Fed.
data recovery stage
I think we have a recovery under way, ... At this stage of the recovery, the data are often mixed.
gains higher numbers offset wage
As long as the productivity numbers are very good, the higher wage gains can be offset by higher productivity gains,
activity awful december doubt elevated housing mild start surprised winter
No doubt housing activity was elevated over the winter because of very, very mild weather. One housing start in Syracuse, N.Y., in December is an awful lot. So we shouldn't be surprised by a big fall-off.
economy fed growth inflation mild pressure pressures relatively relaxed soft solid
Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession, so inflation pressures are relatively soft right now. It will take a while of solid growth before we have upward pressure on inflation, so the Fed can be a little relaxed about it.