James Glassman Fed Quotations

Usually economists are figuring things out after the fact, especially the Fed chairman.

This is a view of the economy as we knew it; the world has changed a bit (since then). It's highly likely the Fed will pause for a while.

This report just puts together all the news that people had been looking at for the last several weeks. The Fed is going to do what it takes because they fear that maybe growth in the first quarter is close to zero.

If we get another jobs report as weak as this, there's no way the Fed will hike in September.

I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do.

I think anybody in the Fed chief position realizes that the job is not about proving credentials. It's about doing what's right for the economy,