Diane Swonk
Diane Swonk
enormous front
Up front there are going to be enormous losses.
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.
consumer fast inflation perspective question slowing whether
The question is not whether the consumer is slowing. From the Fed's perspective, it's whether the consumer is slowing down fast enough to keep inflation in check,
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 critical environment flooding given hardship illegal labor markets obvious older people silly tight turning work younger
Given the obvious hardship of having illegal aliens flooding in, we also know they are critical to the functioning of the U.S. economy. 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.
move
If it was going to be one of them, you would have thought they would just move forward.
economy good
If we are in an economy that is weakening ... that's not good for profits.
certainly door opened rate
He's certainly opened the door to another rate cut.
almost economy fed higher looking rates
It confirms that the Fed is almost done. Those looking for higher rates are not looking at the economy the same way as the Fed.
christmas far market seen tired
I think the market is tired of Christmas. We've already seen the Christmas reports. As far as the market is concerned, that's old news.
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.
beyond deadline december encourage event flight major moment point radar seems
I think it does encourage flight to quality, temporarily, but actually I think once we get beyond this point, there is a deadline here, ... December 12th is a deadline out there looming not very long away, and I think that once we get beyond that point we really will see this as little more than a blip in the radar screen, as much as it seems like a major event in the moment for the markets. But it's not part of the fundamental economy.