Diane Swonk
Diane Swonk
fed seen softer stay tone
We have seen a softer tone in their write-ups. I think there is a real sense that the Fed is going to stay on the sidelines.
argue begin bulk cuts fed feeling pulling rate time
There are many who, on a theoretical basis, would argue that now is the time the Fed should begin pulling back because we'll be feeling the bulk of the rate cuts when we already should have started tightening again.
bad indicator people secure whether
very bad indicator on whether or not people feel secure about their jobs.
enormous front
Up front there are going to be enormous losses.
frankly hitting percent pressures productive start until wage
We're more productive than we were in the 90s and frankly we didn't start hitting wage pressures in the 90s until about a 4-3/4 percent unemployment rate.
backs environment labor markets older people silly tight turning work younger
To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
begin boil concerned cycle fed flames pot time turn
We are at a time in the cycle when you don't need to just turn down the flames on the fire, you have a pot that is already boiling. What the Fed is concerned about is that even as you begin to turn down the flames that pot will still boil over.
clouds expecting lining record remain sales silver territory
We were expecting sales to remain in record territory today, not set new records, ... This really underscores the silver lining to clouds abroad.
bond market speech stability telling traders worst
This speech is telling traders that the stability they've come so well to know is their own worst enemy, ... the bond market has not priced in enough risk.
consumer fast inflation perspective question slowing whether
The question is not whether the consumer is slowing. From the Fed's perspective, it's whether the consumer is slowing down fast enough to keep inflation in check,
position screw taking
Why screw around? If they're going to cut, they'll go a half-point. They're just not in a position to be taking risks.
brought losses nation recover wealthy york
We are a wealthy nation that rebuilds and fortifies. Ultimately, New York is going to more than recover the losses that this brought on.