Neal Soss
Neal Soss
associate bad bond economy fiscal increase lower market news spending
Market participants may well associate bad news on the economy with an increase in fiscal spending and lower bond prices.
desirable economy good growing higher somewhat
As long as the economy is growing at such a good pace, it is appropriate and desirable that the FOMC acknowledge that with somewhat higher rates.
backing clearly fed housing leadership rest role
Housing is backing off from its leadership role in the economy, but clearly something else is replacing it. The Fed has a little more to do and then they can rest on their oars.
direction disappear emphasis maybe readily time tweak word words
The word 'measured' could very readily disappear now. They'll probably tweak the words one more time in the direction of being that much more open-ended, but maybe with the emphasis on 'ended' than 'open.
economy fed funds hard inflation kinds lowest medicine moment percent problems rates
The economy is doing fine. We're at the lowest unemployment rates in a generation. Inflation is hard to find. There's just aren't the kinds of problems that would induce to you take new medicine. So if the medicine at the moment is a 4-3/4 percent Fed funds rate, keep it there.
economy federal good market news perspective pressure takes
The good news from market perspective is that if the economy is slower, all else equal, that takes pressure off the Federal Reserve.
accustomed comments government officials
We're accustomed to the insights of government officials being authoritative. Greenspan's comments may be wise, but they aren't actionable anymore.
normal payroll producing strong warmer
Warmer than normal Januarys have a penchant for producing surprisingly strong payroll numbers.