I really don't read a lot into the dissent it doesn't mean that's the direction policy is going to head. Some people interpret the risks differently than others, and that's what's happened this time.
More Quotes from Gary Thayer:
I wouldn't disagree with some of the things he said, but I don't know why he said those particular things at this time.Gary Thayer
(The data are) suggesting the decline we've seen in the dollar over the last couple of years is not having an impact. It suggests the dollar may still need to fall to help narrow the trade deficit. But there's a risk to higher inflation if it does.
Gary Thayer
We still have a very weak world economy, despite the fact that the U.S. economy is still doing pretty good, ... We're seeing lower prices basically because there is more production out there than demand.
Gary Thayer
The lower-than-expected number of new jobless claims shows that the labor market is continuing to improve. It suggests that the economy is strong and that companies are feeling more comfortable about hanging on to workers.
Gary Thayer
Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.
Gary Thayer
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