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Letter "B" » Bill Cheney Quotes
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«The rise in wages of 6 cents might cause jitters, but wage inflation is less of a worry now, especially with productivity still growing at a healthy clip. As the economy slows, the unemployment rate will continue to inch up and wage pressures should ease further.»
Author: Bill Cheney
«It's clearly good news. Clearly it means that the Fed is still free to ease as much as they are inclined to.»
Author: Bill Cheney
«I think this report will lead the Fed to be much more aggressive than we would have expected a month ago. An inter-meeting cut seems far more likely now, and a cut at the May (policy makers) meeting seems all but certain.»
Author: Bill Cheney
«Next week's employment report will be a much more important piece of new information.»
Author: Bill Cheney
«Granted, it feels bad, but that's mainly because we had it so good. In reality, we still have positive growth, low unemployment (even if it rising), and low inflation. Maybe that's why consumer confidence is holding up.»
Author: Bill Cheney
«I think we're toward the end of a period of real weakness and, by the third quarter, all the money (Fed Chairman Alan) Greenspan and the Fed have been pumping out will start to be spent.»
Author: Bill Cheney
«While we're still skating on the edge of recession, I think the outlook for the economy is now quite encouraging. We may not feel great right now, but if a recession is a nasty case of the flu, the good news is that all we're suffering now is just a really bad cold.»
Author: Bill Cheney
«This is consistent with the view that the U.S. economy really is on the road to recovery. Consumers are not pulling back. Consumer spending is going to get us into a second half 2001 rebound.»
Author: Bill Cheney
«This is kind of number that will let the Fed relax and keep cutting rates as long as they see a need.»
Author: Bill Cheney
«It's really a benign number, so no real new news.»
Author: Bill Cheney
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