Diane Swonk
Diane Swonk
fed sure today
What the Fed told us today is, we don't think we are done yet and we are not sure when we will be done.
clouds expecting lining record remain sales silver territory
We were expecting sales to remain in record territory today, not set new records, ... This really underscores the silver lining to clouds abroad.
driving early economic growth less means played playing role twice
Even more than the early 1990s, this is a jobless recovery. Productivity growth is playing twice the role it played in the early 1990s in driving economic gains, which means less payrolls growth.
fed interest involved rate save tools wall
What can the Fed do about WorldCom? This is not an interest rate problem. This is not something they should be involved with, ... I'm sorry, Wall Street, but you can't look to the Fed to save you when they don't have the tools to save you on this one.
bad clearly concerned cycle difference fed gets good growth overly stage
There's a difference between good growth and bad growth at this stage of the cycle and this is clearly not the kind of inflationary growth that the Fed gets overly concerned about,
question sector
There's no question that the Detroit-based automotive sector has become our region's Achilles' heel.
basis fed given good hesitate insurance policy question reason spend
There's no question that, given the right circumstances, the Fed wouldn't hesitate to spend 175 basis points. But they really have to have a good reason to put an insurance policy out there.
hand reactive reason tip
There's no reason to tip your hand because they are in a reactive phase.
gained raise saying
There's nothing to be gained by saying anything right now, ... there's a lot of uncertainty... over how long it will have to raise rates.
behind creep inflation pressure pressures
Is the pressure on inflation behind us? I think not. Inflationary pressures are not going to surge overnight, but they'll creep up.
against eyes fed growth saying waiting whites
This is not much of a surprise. We've got a Fed saying growth is strong, but they're still hedging against a downturn. This is a Fed waiting to see the whites of the eyes of recovery.
bit coming fed fireworks friday news seen washington
After the fireworks we've seen coming out of Washington on Friday and Monday, I think the Fed would like to be the least bit of news this week.
bottom hiring line
The bottom line is the hiring is not going to be there.
bottom line waiting
The bottom line is, you're going to be waiting in more lines.