People are buying new homes, existing homes at record levels. And that just shows the underlying strength of the economy and the optimism of families that this is still a good time to buy a home even though interest ratesÊ on mortgages have risen substantially, - Franklin Raines Quotes
People are buying new homes, existing homes at record levels. And that just shows the underlying strength of the economy and the optimism of families that this is still a good time to buy a home even though interest ratesÊ on mortgages have risen substantially, Franklin Raines
 Economy Optimism

More - Franklin Raines Quotes

It's going to be a very targeted tax cut program that I think is going to make a meaningful difference for American families, - Franklin Raines Quotes

It's going to be a very targeted tax cut program that I think is going to make a meaningful difference for American families,

Franklin Raines

 
Based on the presentation that we heard today, there are more issues then the last time we sat down, ... It fails to target tax relief on middle incomes as the president's approach would do. - Franklin Raines Quotes

Based on the presentation that we heard today, there are more issues then the last time we sat down, ... It fails to target tax relief on middle incomes as the president's approach would do.

Franklin Raines

 
We are in favor of having the most accurate measure of inflation possible, in order to index those various programs, and we are trying to measure what the real cost-of-living changes are, - Franklin Raines Quotes

We are in favor of having the most accurate measure of inflation possible, in order to index those various programs, and we are trying to measure what the real cost-of-living changes are,

Franklin Raines

 Inflation
I think the Fed is going to raise interest rates over the rest of this year. I think it will go up at least 100 basis points before the year is out. So the Fed funds rate will rise from about 6 percent to at least 7 percent. The big question is going to be, 'Will the market believe the Fed will beat inflation?' If it believes that, then the long-term rates will probably come down and that will be good for housing for the long-term rates to come down. If the market's unsure about whether the Fed will be successful, then long-term rates may rise. - Franklin Raines Quotes

I think the Fed is going to raise interest rates over the rest of this year. I think it will go up at least 100 basis points before the year is out. So the Fed funds rate will rise from about 6 percent to at least 7 percent. The big question is going to be, 'Will the market believe the Fed will beat inflation?' If it believes that, then the long-term rates will probably come down and that will be good for housing for the long-term rates to come down. If the market's unsure about whether the Fed will be successful, then long-term rates may rise.

Franklin Raines

 
We think that it's unwise to put into the constitution a mechanism that enshrines for all time a particular way of measuring the budget. - Franklin Raines Quotes

We think that it's unwise to put into the constitution a mechanism that enshrines for all time a particular way of measuring the budget.

Franklin Raines

 Budget Constitution
When they had difficulties they've had a tendency to lurch to the right and out of the mainstream, and we hope that doesn't happen this time, - Franklin Raines Quotes

When they had difficulties they've had a tendency to lurch to the right and out of the mainstream, and we hope that doesn't happen this time,

Franklin Raines

 Mainstream Tendency
It will be about 20 percent. Down substantially from the level that the president inherited when he came to office. The government is shrinking, as a percentage of our economy, not growing. - Franklin Raines Quotes

It will be about 20 percent. Down substantially from the level that the president inherited when he came to office. The government is shrinking, as a percentage of our economy, not growing.

Franklin Raines

 Economy
Although to my knowledge the company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable. - Franklin Raines Quotes

Although to my knowledge the company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable.

Franklin Raines

 Accounting
It creates a contrast between their ideas and ours. We are perfectly happy to be judged by that contrast. - Franklin Raines Quotes

It creates a contrast between their ideas and ours. We are perfectly happy to be judged by that contrast.

Franklin Raines

 
We are working on a wide variety of ways to bring to the mortgage finance system cost savings for consumers as well as lenders in the mortgage market, - Franklin Raines Quotes

We are working on a wide variety of ways to bring to the mortgage finance system cost savings for consumers as well as lenders in the mortgage market,

Franklin Raines

 Consumers
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