Diane Swonk
Diane Swonk
economy good
If we are in an economy that is weakening ... that's not good for profits.
meetings move shore
If they move between meetings it's usually a move to shore up confidence.
gained raise saying
There's nothing to be gained by saying anything right now, ... there's a lot of uncertainty... over how long it will have to raise rates.
collapse consumer recession unusual
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
absorb effect momentum strike
The effect of the strike will be to short-circuit momentum in the U.S. economy, but we are well positioned to absorb it,
absorb blows economy fed labor market strong
Like what the Fed has suggested, the U.S. economy was more than strong enough to absorb the blows of Katrina. The labor market is still pretty resilient.
business consumer die face slack time
The consumer is not about to die on us, but let's face it, it's time for them to give a little slack to the business sector.
amazing anyone employ force happens labor people start wars willing
Once you really start having bidding wars over people and you're willing to employ just about anyone who breathes, it's amazing what happens to the labor force participation rate.
brought losses nation recover wealthy york
We are a wealthy nation that rebuilds and fortifies. Ultimately, New York is going to more than recover the losses that this brought on.
consumer fast inflation perspective question slowing whether
The question is not whether the consumer is slowing. From the Fed's perspective, it's whether the consumer is slowing down fast enough to keep inflation in check,
begin boil concerned cycle fed flames pot time turn
We are at a time in the cycle when you don't need to just turn down the flames on the fire, you have a pot that is already boiling. What the Fed is concerned about is that even as you begin to turn down the flames that pot will still boil over.
frankly hitting percent pressures productive start until wage
We're more productive than we were in the 90s and frankly we didn't start hitting wage pressures in the 90s until about a 4-3/4 percent unemployment rate.
bad indicator people secure whether
very bad indicator on whether or not people feel secure about their jobs.
fed seen softer stay tone
We have seen a softer tone in their write-ups. I think there is a real sense that the Fed is going to stay on the sidelines.