Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
decision easy evidence federal growth leave meeting policy process reserve sign slowing
The Federal Reserve will be meeting on Sept. 30. It will be an easy decision to leave policy unchanged. There is no sign of accelerating inflation, and there are arguments and evidence that growth is in the process of slowing somewhat.
accused ahead balance favor fed growth inflation light moving reports risks seen shown willing
The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.
ask deflation fed risk yes
Deflation is not a risk the Fed should take, ... If you ask me, should they ease, yes they should.
debating fed goes half point quarter spending time whether
What we're spending our time debating is whether the Fed goes a quarter point or a half point.
fed given improvement job labor lack market reason slow withdraw
There's excruciatingly slow improvement in the labor market and no reason for the Fed to withdraw any of its accommodation, given the lack of job growth.
calling clearly fed fourth further hike instead pushes quarter rate timing
It was a very disappointing report. It clearly pushes the timing of a Fed tightening further into the future. We're now calling for a Fed rate hike in the fourth quarter of 2004 instead of in August.
bonds fed outlook people stable stock trade
People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.
broaden concern fed hemisphere interest lower motivating rates risk shift trade western
I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.
fed knowing
Knowing what I know right now, I think the Fed will probably tighten again,
fed inflation pause recognize wants
I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.
looking unlike
I'm looking for an unexciting kind of year; not unlike the one we're just ending.
income loss people seeing spending wherever
Everybody's seeing the loss of the income and people are spending cautiously wherever they can.
city difficult goes good
Things have been pretty difficult here. If it goes well, it's something the city can feel good about.
aware glad
I'm glad I got to know him a little even if he wasn't aware I was around, ... He went out with a whole lot of love.