Bill Cheney
Bill Cheney
clear evidence next recovery though time
Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.
employment next piece report
Next week's employment report will be a much more important piece of new information.
expect growth healthy next percent totally
I think it's totally a blip. I expect to see pretty healthy growth in 2006. We'll be back to 4 percent next quarter.
chance good next pause perfectly
There is a perfectly good chance they will pause at the next meeting.
boost cuts defense growth net next percent produce rise risks spending stimulus tax
If even 5 to 6 percent GDP growth isn't enough to get any net hiring, then the risks rise that the stimulus from the tax cuts and defense spending could produce a one-time boost that will fizzle out next year.
almost early economy evidence fed finally hints inflation moving next pressures threat until
The inflation threat has receded yet again. I can't see the Fed moving now at least until early next year. They have almost no evidence of inflationary pressures and there are hints that the economy finally is slowing.
confidence consumer evidence items liable month next spending
All the evidence on consumer confidence would tell us that all spending on big-ticket items is liable to plummet in the next month or two.
crashed cut emergency evidence happened market panic rate treat yesterday
It would be kind of like when they put through a substantial emergency rate cut when the market crashed in 1987. I don't think it is evidence of panic to treat what happened yesterday as an emergency. It's an emergency on many levels.
road worst
The worst is over. We're on the road to recovery.
cause cents continue ease economy growing healthy inch inflation less might pressures rate rise wages worry
The rise in wages of 6 cents might cause jitters, but wage inflation is less of a worry now, especially with productivity still growing at a healthy clip. As the economy slows, the unemployment rate will continue to inch up and wage pressures should ease further.
bit lighter perhaps
Perhaps Santa's sleigh was a bit lighter than we thought.
elf full operating workshop
Santa's workshop will be operating pretty much at full capacity. There just probably won't be much elf overtime.
awful dropped force people pulled though waiting work
Even though it's improving, there's still an awful lot of people who dropped out of work force and are waiting to be pulled back in.
later lever monetary policy possible rates sooner
Sooner or later rates will have to come back up to at least a 'neutral' level. But for now they've got the monetary policy lever just about where they want it, and it makes sense to do as little as possible for as long as possible.