At the national level, the Fed has to worry about the inflation implications of the storm.
More Quotes from Ethan Harris:
In an ideal world, three simultaneous gradual adjustments would happen. The U.S. eliminates the budget deficit, China revalues by 30 percent and China works to rebalance growth more to consumption and less to exports. Of course none of this will happen and the pressure for protectionism from Congress grows.Ethan Harris
They're adding to the intellectual firepower of the board of governors in terms of regulatory and financial markets issues, but initially they won't be important players in the monetary policy front.
Ethan Harris
What we're looking for is evidence of the corporate side of the economy gaining confidence and making real commitments in its own spending. There, I'd say the news is at best mixed,
Ethan Harris
It's not a question of a sudden explosion in prices. It's more an erosion of the low-inflation psychology.
Ethan Harris
Because growth is looking good and financial conditions are good, they'll keep moving up. But they're close to the end.
Ethan Harris
We are going to get some follow-through, some hiring, but it will be slow. I don't see wage growth coming back in the next year.
Ethan Harris
Readers Who Like This Quotation Also Like:
I think there's a passion for God like never before.Michael W. Smith
The enemy of art is the absence of limitations.
Orson Welles
I guess some people are brilliant enough to be brilliant on their own and never doubt anything and come up with fabulous things. But I think it's good to get into arguments with people and have them say, 'That sucks' or 'You're crazy' or 'That's cheesy"'or 'What do you think of this?'
Madonna Ciccone