Diane Swonk
Diane Swonk
meetings move shore
If they move between meetings it's usually a move to shore up confidence.
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.
economic faced kinds rule thrown
He has faced many different kinds of economic environments. He has thrown away any kind of rule of thumb.
activity bit confidence consumer february grain january numbers partial quite recovery strong
I think you have to take the January numbers with a bit of a grain of salt. Consumer confidence is still quite strong and I think we'll see at least a partial recovery in activity in February and through the spring.
aftermath effect fallout labor market
In the aftermath of Katrina, the effect on the labor market from the fallout has been limited.
economy good
If we are in an economy that is weakening ... that's not good for profits.
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.