Diane Swonk
Diane Swonk
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.
question sector
There's no question that the Detroit-based automotive sector has become our region's Achilles' heel.
certainly door opened rate
He's certainly opened the door to another rate cut.
bottom hiring line
The bottom line is the hiring is not going to be there.
burned careful political slam
(Bush) has got to be even more careful today. He has burned through a lot of political capital. He's got to put someone in who is going to be a slam dunk.
adds economic feels paper people sharing
It adds up on paper to look a lot better than what it feels to people, ... not as many people are sharing in the economic gains.
bit burden carry economy feet keeping kick
kick back, put up his feet for a bit and not have to carry the burden of keeping the economy going alone.
beyond deadline december encourage event flight major moment point radar seems
I think it does encourage flight to quality, temporarily, but actually I think once we get beyond this point, there is a deadline here, ... December 12th is a deadline out there looming not very long away, and I think that once we get beyond that point we really will see this as little more than a blip in the radar screen, as much as it seems like a major event in the moment for the markets. But it's not part of the fundamental economy.
abundant broad brought consumers early extremely finally holiday left less means ordered overly promotions retailers seen shelves
Retailers ordered extremely conservatively for the holiday season. The shelves aren't overly abundant with goods, and controlling inventories has finally made it into broad retailers, not just Wal-Mart. That's important because it means a lot of the early promotions we've seen have brought the consumers in, but has left less on the shelves with less selection.
industrial numbers people production retail sales
The retail sales and industrial production numbers could be better than people expect.
basis fed given good hesitate insurance policy question reason spend
There's no question that, given the right circumstances, the Fed wouldn't hesitate to spend 175 basis points. But they really have to have a good reason to put an insurance policy out there.
catching earnings fed market positive third until willing
The Fed is willing to overshoot the mark. I want to underscore that we're catching up. We're getting the market back in line, but we're not going to see positive earnings from that until we get into the third quarter,