Peter Hooper
Peter Hooper
Peter Hooperwas a professional footballer, who played for Bristol Rovers, Cardiff City and Bristol City in The Football League...
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The risk that labor costs will begin to make their way through to higher core inflation if the labor market continues to tighten is one key factor making many (Fed policy makers) uneasy about a course change in policy any time soon.
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You replace an icon like Greenspan, in whom the markets had a lot of confidence, and risk premiums have been squeezed to very low levels, and inevitably there is going to be a rise in uncertainty.
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While we may have bumps along the way, there is enough momentum to keep the economy going. It's all very consistent with the chairman's expectations.