We've gotten to a point now where inflation is something which, for the most part, we don't really think about. And I guess that's exactly the way Federal Reserve Chairman Alan Greenspan wants it.
More Quotes from Bill Cheney:
Looking forward, we have Katrina and the price of oil to worry about. I think the odds are still against it, but Hurricane Katrina could prove to be the exogenous shock that we've feared could dramatically slow or even derail the expansion.Bill Cheney
Given the volatility of the report, I don't put a lot of credence in the forecasts. The headline number is the news and the fact that it went up signals that the recovery isn't falling apart.
Bill Cheney
You are seeing a large number of people coming out of the woodwork because there are jobs to be found. People are now looking for jobs because it is now worth looking.
Bill Cheney
This is a series that bounces around from one month to the next. There's enormous potential for particular incidents -- the weather, the timing of Easter, the release of a new movie -- to push retail sales around from one month to the next.
Bill Cheney
By mid to late October, you're getting into the fourth quarter, and people are starting to look at their year-end results and deciding whether they can bail out now and still look good for the year. That's going to be as true now as it was (in 1987).
Bill Cheney
I think we're going to see absolutely more of the same. I don't think there will be any discernible change in the conduct of setting monetary policy.
Bill Cheney
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