Richard Rippe
Richard Rippe
although business damage disrupt due economic generally interrupt kinds longer major period question
The real question is if there's a lot of damage due to the storm, that could interrupt business for a longer period of time. But generally speaking, these kinds of things are not major economic developments although they can disrupt things briefly.
again cut next quite time
There's quite a long time before the next meeting. If they cut (a quarter-percentage point), they could make statements, as they've done in the past, that they will 'monitor developments closely,' which is a hint that they could cut again before the next meeting.
next quite time
There's quite a long time before the next meeting,
consumer consumers fourth positive quarter spending strength trend
Consumers are not going to have as much strength in the fourth quarter as they had in the third, but the positive trend for consumer spending is still intact.
business community costs efficient mentality order plays role
It's just the mentality in the business community now, ... They know they have to become more and more efficient in order to keep costs down and be more competitive in world markets. I think that mentality plays a very big role in these results.
additional believes clear economic economy favorable message needs sees slow
It's clear that the Fed, while it sees many favorable things in the economic environment, believes that the economy needs to slow down. The clear message is there will be additional tightening.
expanding means
It means manufacturing is expanding sluggishly and that's probably about what we want.
business given growth huge limited mature phase resources sustain
This is huge growth rate, especially for this mature phase of the business cycle. We just can't sustain this kind of growth, given the limited resources that are available, very long,
bit might month seen tone urgency
I think there's a bit more urgency in his tone than we might have seen a month ago.
bias change economic fed likely policy rate recovery remove risks split suspect towards weakness
The Fed is likely to make no change in its rate policy because it still see risks in the economic outlook, but I suspect it will remove its bias towards easing. Now that recovery is underway, the Fed will probably tell us the risks are a little more evenly split between weakness and inflation.
confused fed shape
The Fed won't be confused by this, in no way shape or form.
clears deck fed gauge gives inflation itself policy says weak
I don't think it gives a gauge of Fed policy itself but it clears the deck of inflation and says the Fed can concentrate on the weak economy.
economy fact faster growing knows nobody stage stop sure
The economy is still growing very rapidly, probably faster than is sustainable, at this stage of the expansion. The fact is nobody knows for sure what it will take to stop it.