Gus Faucher
Gus Faucher
bush further opens opportunity stamp
This opens up an opportunity for Bush to put a further stamp on the Fed.
bush inflation proponent signal strong tips
This (next appointment) could be the one who tips the balance. If Bush nominates a strong proponent of inflation targeting, it would be a signal they want (that).
across economies globe
Most of the economies across the globe are doing well.
demand employers growth half hiring increased means meet percent point rate reached slow start stay year
We've reached the point where employers need to start hiring again, but productivity growth will stay strong, so they can meet some of their increased demand with productivity improvements. That means hiring will be slow and the unemployment rate will stay at about 6 percent for another year and a half or so.
came crises damage good greenspan low minimal recessions says short steered
What Greenspan did well is he steered through these crises and came out with minimal damage to the economy. Over an 18-year period, we had just two short recessions and low inflation. That combination says he's done a good job.
available data energy fed
When the Fed meets, they won't have much data available other than energy indicators to get a decision,
economy stay strong
We think the economy is going to stay strong through 2006.
growth half katrina next second weigh year
Katrina will weigh on growth in second half of this year and we'll make most of that back first half of next year,
case given percent poor rate
The 'full employment' unemployment rate is about 5 percent, ... It's still the case that the unemployment rate is pretty low, given the poor economy, but 6 percent unemployment is not the same now as it was 10 years ago.
concerned control developing few inflation months pressures remains
Inflation remains under control. We're concerned of inflationary pressures developing in the economy, but they're not here now. They may be here a few months down the road, but they're not here yet.