If the Fed is wrong and inflation runs too high, out of control, there can be a catastrophic loss of confidence in the Fed that has national and international implications.
More Quotes from Ken Mayland:
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.Ken Mayland
This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.
Ken Mayland
Accept this for what it is an emotional reaction to tragic circumstances. But are people going to stop spending No.
Ken Mayland
There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future.
Ken Mayland
These results cast more cold water on the notion that if nondiscretionary spending on energy swells, it must crimp discretionary spending. It hasn't,
Ken Mayland
What the Commerce Department calls savings is something different from what ordinary people call savings. Commerce calls savings basically current income not spent, whereas individuals call their savings really their wealth, their accumulation of all past savings.
Ken Mayland
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Tony Scott
Nothing was a style first. Everything started as an idea. A guy did something with an idea. Someone copied him. Some copied all of them and it became trendy and then it became a style.
Bill Laswell
The right to justice is something that no one can bestow, nor take away, for it is in one's heart.
Bryant H. McGill