Fed Quotations | Page 5

There is no question that the economy is slowing, but it's not exactly shrinking, either, ... We are seeing the first tentative signs of slowing, but you have to remember that we are starting at a very high base of growth. The Fed will still err on the side of caution and restraint.

There is no operating manual that says what a neutral fed funds rate is, but the Fed knows that it's higher than 3 percent,

Until there is a positive indication in economic data that the economy is slowing down, the Fed has to stay ahead of the curve.

Until several days ago it looked like the euro was trying to mount a recovery, ... But it failed and it looks like it's heading lower again. We see the euro continuing to be under pressure mainly because the U.S. market, after the Fed does nothing next week, will focus on the prospect that the Fed will raise rates in the future.

Until market forces, assisted by a vigilant Federal Reserve, affect the necessary alignment of aggregate demand with the growth of potential aggregate supply, the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability,

We've also requested that the state ask FEMA (the Federal Emergency Management Agency) to participate as well.

We've already seen the federal government stretch their regulatory tentacles into our homes and determine what kind of light bulbs we have to use.

We struggled in the first game, but in the second game we decided that we were going to come back and nobody was going to stop us. We came together as a team, and fed off each others' emotions.

We are pleased the court ruled that a Vermont civil union has no legal validity in Virginia. Unless the federal Constitution is amended to protect traditional marriage, same-sex marriage advocates will continue using the courts to force their agenda on the rest of the country.

We believe that the Fed will require both consistent solid hiring and a rise in inflation before it begins to lift rates.