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Tony Crescenzi Quotes
«With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,»
Author: Tony Crescenzi
«Policy makers want to make sure in the language of their statement that whatever they do, it's meant as insurance -- they don't want to create alarm about the state of the economy, but they also don't want to create alarm in the bond market about the end of accommodative policy,»
Author: Tony Crescenzi
«The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.»
Author: Tony Crescenzi
«The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,»
Author: Tony Crescenzi
«Today's speech...is notable more for Greenspan's change in delivery than change in material,»
Author: Tony Crescenzi
«Sixty-three percent of respondents said they felt conditions would get better over the next six months versus just 5 percent who said that conditions would get worse,»
Author: Tony Crescenzi
«The distinction (of the phone survey) is important, ... Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.»
Author: Tony Crescenzi
«With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,»
Author: Tony Crescenzi
«With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,»
Author: Tony Crescenzi
«Greenspan's speech puts an exclamation point on the market's notion that the Fed will eventually have to cut rates in response to the rapid deceleration in the economy,»
Author: Tony Crescenzi