Richard Berner
Richard Berner
comfort fed higher inflation somewhat truly wants zone
The Fed truly wants to get inflation somewhat higher -- back into the comfort zone. Why not say where that comfort zone is?
change faces investors learn means monetary policy street wall
Investors on Wall Street are going to have to learn a lot about these new faces before they feel comfortable. I don't think this means any change in monetary policy but there are new people.
latitude question space timing
They will still go. Absolutely. Definitely. There's no question about it. They now have a little latitude to space the timing of the increases, but there's no question they will move.
change changing constant employment five guess jobs keeps nature technology work
Change is a constant of the U.S. employment picture. New technology keeps changing the nature of work and the nature jobs. I can't tell you what new technology will have spawned new jobs five years from now, but my guess is there will be one.
few home next prices
Home prices will rust, not bust, for the next few years.
doubt factor hope iraq means spring
I don't think there's any doubt that the uncertainty over Iraq has been corrosive, but it's by no means the only factor hindering growth. The hope that if you take away that uncertainty and you unveil a coiled spring is probably overdone.
fourth improvement quarter slow
The fourth quarter is going to be very sluggish, indeed. We'll see some improvement in the first quarter, but it's a slow grind.
higher percent quarter rate
The unemployment rate in the first quarter should have been at least 6.3 percent -- significantly higher than January-February's 5.75-percent average,
balance economy fact global growth looking pace strong underlying
The underlying pace of the economy is strong. The fact that global growth is looking better will keep the economy strong through the balance of this year.
context costs economic global key slack strong
The key reason: Dwindling economic slack and escalating costs in the context of strong U.S. and global growth.