Diane Swonk
Diane Swonk
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.
fed walking
It's about the Fed being more communicative with the markets, ... won't just be walking into Greenspan's shoes.
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.
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.
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.
both crippled economy efficient energy expected growth katrina less quarter remarkably resilient response shocks
It was an extraordinary quarter for productivity growth. Katrina was expected to lop off growth and give us a crippled and less efficient quarter. Instead, it showed how remarkably resilient the U.S. economy was both in response to the hurricanes and the energy shocks that accompanied them.
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.
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.
argue begin bulk cuts fed feeling pulling rate time
There are many who, on a theoretical basis, would argue that now is the time the Fed should begin pulling back because we'll be feeling the bulk of the rate cuts when we already should have started tightening again.
consumer feeding retailers smaller street wall wants
More and more retailers are feeding on a smaller consumer pie, and many are going away hungry, ... What Wall Street Wants from the Retail Industry.
job maybe obviously people security stretch trading trying wages
obviously something that (the Fed) is trying to stretch for, saying, 'Well maybe people aren't trading job security for wages anymore.'
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.