John W. Snow
John W. Snow
John William Snowwas the CEO of CSX Corporation, and served as the 73rd United States Secretary of the Treasury under U.S. President George W. Bush. He replaced Secretary Paul O'Neill on February 3, 2003 and was succeeded by Henry Paulson on July 3, 2006, in a move that had been anticipated. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006 that he had completed...
NationalityAmerican
ProfessionEconomist
Date of Birth2 August 1939
CountryUnited States of America
We're not going to have numbers to write home about in the first quarter, although they will show improvement, ... The first quarter will continue to have some residue from the difficulties of the fourth quarter, but nothing of the magnitude. We're starting to get our arms around it.
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
I think we'll be successful with the quiet financial diplomacy,
I think we need to rise above partisan politics on this one,
Resolving that, I think, will be very beneficial for the economy. We're already seeing it in lower energy prices,
I would think that next month we would see better numbers,
We continue to have a strong dollar policy; we continue to support the strong dollar policy. It's been our policy and will continue to be our policy.
I was here when the cemetery was dedicated last fall. We had a good turnout then and a good turnout now. I'm so impressed with the cemetery that I'm going to pick out a plot for myself.
When we talk about our housing market, we're really talking about hundreds of housing markets, each with different characteristics, in local markets,
To say we have a roadmap would be too grandiose a characterization, ... We do have a long list of things that are being worked on that we're suggesting need to be dealt with.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
The President I know is one who is fully engaged, who does ask tough questions, who pesters me all the time with questions.
We can afford an increase in the deficit for a year or so,
The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.