We have often noted the Fed tries to choose a policy action that minimizes the consequences of a mistake. Which would have the least negative consequences today easing too much and setting off an excessively strong rebound or easing too little and allowing the economy to slip back into recession We would vote for the former.
More Quotes from David Orr:
Increased interest rates might also mean a smaller pay raise as well as a more gradual increase in the value of your investments. But slower may be surer. In the late 1970s and early 1980s, people were getting 10 percent pay raises, ... But housing prices were going up 12 to 15 percent, and so were cars.David Orr
The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
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The Fed views potential inflation as last year's problem. This year, they will be focused on promoting a rebound in growth.
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For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit. It looks like it's finally happened.
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We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.
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