Richard Rippe
Richard Rippe
additional believes clear economic economy favorable message needs sees slow
It's clear that the Fed, while it sees many favorable things in the economic environment, believes that the economy needs to slow down. The clear message is there will be additional tightening.
clears deck fed gauge gives inflation itself policy says weak
I don't think it gives a gauge of Fed policy itself but it clears the deck of inflation and says the Fed can concentrate on the weak economy.
bias change economic fed likely policy rate recovery remove risks split suspect towards weakness
The Fed is likely to make no change in its rate policy because it still see risks in the economic outlook, but I suspect it will remove its bias towards easing. Now that recovery is underway, the Fed will probably tell us the risks are a little more evenly split between weakness and inflation.
economy fact faster growing knows nobody stage stop sure
The economy is still growing very rapidly, probably faster than is sustainable, at this stage of the expansion. The fact is nobody knows for sure what it will take to stop it.
next quite time
There's quite a long time before the next meeting,
confused fed shape
The Fed won't be confused by this, in no way shape or form.
bit might month seen tone urgency
I think there's a bit more urgency in his tone than we might have seen a month ago.