The Fed can take comfort in the fact that core inflation remains tame, despite some modest inflationary pressures - gradually rising wage inflation, tighter capacity constraints and higher oil prices.
More Quotes from Nariman Behravesh:
Let's be clear -- for the next couple of months the employment numbers are going to look terrible. There's going to be a lot of noise and problems gathering the data, so it's going to be tougher than usual to sift through the tea leaves and really get at the heart of what's going on here.Nariman Behravesh
I think the way out of these deficits is that the U.S. currency will start to come down over the next two to three years.
Nariman Behravesh
We are just starting to see the impact of Katrina. We are going to see awful inflation numbers, awful employment numbers and awful industrial production numbers for a few months.
Nariman Behravesh
The typical pattern with a natural disaster like this is that the regional economy gets clobbered but you can barely see it in the national statistics. This time it is very different because of the impact on the energy infrastructure.
Nariman Behravesh
We are in a much more competitive environment than we were 20 years ago.
Nariman Behravesh
The Fed has been singularly unsuccessful in cooling down the hot U.S. housing market, primarily because its rate hikes have had little impact on long-term interest rates so far,
Nariman Behravesh
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