William Fitzgerald Quotations

Our portfolio remains slightly below duration. But then, the entire fixed-income universe has been defensively positioned for months now.

What we're waiting to see is whether the increase in commodity prices will sift through into core inflation.

Normally Greenspan's pretty cautious, but this time he didn't pull any punches in being upbeat on the economy.

Instead of dropping 'measured,' they chose language that acknowledges the modest pick-up in inflation pressures. This may be a step toward getting rid of 'measured;' of being more aggressive without indicating a change in the plan.