James Annable
James Annable
balance built figuring
Everything was out of balance and part of figuring out where we are now is figuring out where we were and how many imbalances were built into the economy.
splash
They wanted a big splash today. And they got it.
boils capitalize earners fed figure gets higher living market standard stock terms wage
If the world gets the idea that this is the end of Fed tightening, the stock market will probably like that and you will have higher stock averages. What it boils down to, in terms of the economy, is the standard of living for wage earners is significantly higher. For (George W.) Bush, he has to neutralize that and for (Al) Gore, he has to figure out how to capitalize on that.
insurance simply
They simply don't want a recession. It's an insurance policy.
alan investors
I think investors underestimated (Fed Chairman) Alan Greenspan's sense of show business.
economy economy-and-economics enormous spending work
The economy is not in a recession. This economy had enormous spending imbalances that it had to work out.
aggressive fed gradual gun knew smoking speech
Once we read the speech we knew it would be a gradual increase, ... The Fed doesn't want to be aggressive without the smoking gun of inflation.
auto correction economy high industry inventory recession tech
There was an auto industry correction and a high tech inventory correction, and if we can get through that without tipping the economy into a recession then we can get through this.
capacity confident consumers continue economic fact feeling future good hard held households housing income indicative looks prospects sector slow together wages
There is nothing that looks at the future capacity to have income as much as the housing sector, and the fact that this sector has held together as well as it has ... is indicative to me that consumers are feeling very good about their economic prospects and that they are going to continue to spend, ... Households are enormously confident and their wages are going up, and they've got income to spend. That's going to make it hard to slow down spending.
domestic good gross growth impact less product
This will have less impact on gross domestic product growth than a good sized hurricane,
coming fed figuring toward
What the market's figuring out is the Fed is coming toward an end of this movement,
change dollar exchange frankly impact matter move production rates
There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.