Richard Rippe Quotations

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.

The Fed won't be confused by this, in no way shape or form.

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.

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.

It means manufacturing is expanding sluggishly and that's probably about what we want.

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.

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.

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,

I think there's a bit more urgency in his tone than we might have seen a month ago.

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.