David Orr
David Orr
David Duvall Orris an American Democratic politician from Chicago, Illinois. He was Alderman of the 49th Ward in Chicago from February 23, 1979 to December 10, 1991. In 1987, he served briefly as Mayor of Chicago after the death of Mayor Harold Washington. Since 1991, he has been County Clerk of Cook County. As County Clerk, he is responsible for the third largest election district in the United States. Orr is a graduate of Simpson College in Indianola, Iowa. In...
acting both business dramatic fed fight financial fought loud obviously recession sent signal threat
Things obviously got away from them. But by acting in such dramatic fashion, the Fed sent a loud signal to participants in both the financial and the business sectors that the Fed will fight the threat of recession as vigorously as it fought the threat of inflation.
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Given that the Fed has indicated this is a key number, that's very hopeful,
although bowing bullets concern definitely expecting fed members point quarter risk run wants
There's definitely that possibility, although one of the things the Fed wants to get away from is slavishly bowing to that lather, ... I'm still expecting a quarter point cut. There's a concern by some members of the Fed that they risk over stimulating the economy. And if you keep making half-point cuts, you'll run out of bullets pretty quickly.
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These numbers are as close to perfect as you can get from a Fed point of view.
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The Fed did not lower the fed funds rate, but their statement indicates a 180 degree about-face in terms of their view of the risks facing the economy, ... It looks to me they're ready to do what they have to do when they have to do it. They just aren't exactly sure when they have to do it.
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The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
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(Fed Chairman Alan) Greenspan thinks consumer confidence is important, and if he thinks so I guess we should think so,
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As is evident, a clear deceleration appears to be underway. The gain was not large enough to recoup the 13.1% month-over-month decline in July.
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As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1% month-over-month decline in July.
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I still think there's a better than 50-50 chance they will raise rates again.
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But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'
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Several forecasters have recently indicated they believe the U.S. economy is already in recession,
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This report may modestly lower third-quarter real GDP estimates,
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While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.