Diane Swonk
Diane Swonk
bond market speech stability telling traders worst
This speech is telling traders that the stability they've come so well to know is their own worst enemy, ... the bond market has not priced in enough risk.
backs environment labor markets older people silly tight turning work younger
To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
demand fed inflation looking oil policy subtle
They're now looking at the demand trade-off on oil prices, not just the inflation trade-off, which will make Fed policy much more complicated. It's a subtle but important change.
deal fed focus limited productive statement trying
A limited statement would be more productive because the Fed is trying to deal with psychological issues. They want the focus to be on their action, not their words.
cut economic rally short solid
You don't want this rally to be cut short before we get back on solid economic ground.
collapse consumer recession unusual
This is a very unusual recession in that the consumer did not collapse and incomes are in the black,
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.
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.
amazing anyone employ force happens labor people start wars willing
Once you really start having bidding wars over people and you're willing to employ just about anyone who breathes, it's amazing what happens to the labor force participation rate.
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.
activity bit confidence consumer february grain january numbers partial quite recovery strong
I think you have to take the January numbers with a bit of a grain of salt. Consumer confidence is still quite strong and I think we'll see at least a partial recovery in activity in February and through the spring.
bit burden carry economy feet keeping kick
kick back, put up his feet for a bit and not have to carry the burden of keeping the economy going alone.
adds economic feels paper people sharing
It adds up on paper to look a lot better than what it feels to people, ... not as many people are sharing in the economic gains.