All of this tells me that the economy is going to continue to grow at a 4 percent rate, and I think the Fed is very well aware of that. Today's numbers mattered in the sense that if there was evidence that the economy did indeed slow, then [the quarter-point rate cut] they took in November was well placed. But that clearly isn't happening. - Wayne Angell Quotes
All of this tells me that the economy is going to continue to grow at a 4 percent rate, and I think the Fed is very well aware of that. Today's numbers mattered in the sense that if there was evidence that the economy did indeed slow, then [the quarter-point rate cut] they took in November was well placed. But that clearly isn't happening. Wayne Angell
 Economy

More - Wayne Angell Quotes

Bush has been more open to having more of a bipartisan board than I've seen before. I didn't even give a moment's thought that Clinton would reappoint me. - Wayne Angell Quotes

Bush has been more open to having more of a bipartisan board than I've seen before. I didn't even give a moment's thought that Clinton would reappoint me.

Wayne Angell

 
No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance. - Wayne Angell Quotes

No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance.

Wayne Angell

 
The world's central banks have certainly decided U.S. Treasury notes are a better long term investment than gold. - Wayne Angell Quotes

The world's central banks have certainly decided U.S. Treasury notes are a better long term investment than gold.

Wayne Angell

 Banks
Alan Greenspan tends to give a tougher talk in a speech when he is not going to raise rates than he does when he is going to raise rates. He either barks or he bites, and I think he is barking. - Wayne Angell Quotes

Alan Greenspan tends to give a tougher talk in a speech when he is not going to raise rates than he does when he is going to raise rates. He either barks or he bites, and I think he is barking.

Wayne Angell

 
Chairman Greenspan's comments went further than previous Fed commentary on recognizing the degree of slowing in the economy and clearly pave the way for the Fed to switch to a neutral directive. Moreover, his comments further encourage us in our belief that the Fed will lower rates in the first quarter of next year. - Wayne Angell Quotes

Chairman Greenspan's comments went further than previous Fed commentary on recognizing the degree of slowing in the economy and clearly pave the way for the Fed to switch to a neutral directive. Moreover, his comments further encourage us in our belief that the Fed will lower rates in the first quarter of next year.

Wayne Angell

 
This [confidence report] increases the likelihood [rates] will be moved down another [half percentage point] to 2.5 percent. That's going to increase the likelihood of an improvement in economic conditions next year. - Wayne Angell Quotes

This [confidence report] increases the likelihood [rates] will be moved down another [half percentage point] to 2.5 percent. That's going to increase the likelihood of an improvement in economic conditions next year.

Wayne Angell

 Confidence
We're not likely to get the bond yield moving through that 4.75 percent level until we get past all this turmoil that is now in the market. - Wayne Angell Quotes

We're not likely to get the bond yield moving through that 4.75 percent level until we get past all this turmoil that is now in the market.

Wayne Angell

 
The markets are saying (a rate hike) is not only justified, but it's good news. It remains to be seen whether the economy will be stronger than we anticipate. - Wayne Angell Quotes

The markets are saying (a rate hike) is not only justified, but it's good news. It remains to be seen whether the economy will be stronger than we anticipate.

Wayne Angell

 
He is not going to give that much of an indication on his own, because this Fed chief is an effective politician. - Wayne Angell Quotes

He is not going to give that much of an indication on his own, because this Fed chief is an effective politician.

Wayne Angell

 
It reduces the rate of return on that $6.5 trillion hiding in money-market accounts. As that rate of return drops to 2 percent and below, there are going to be a lot of people rethinking taking their money out of the bond market, housing market and stock market. - Wayne Angell Quotes

It reduces the rate of return on that $6.5 trillion hiding in money-market accounts. As that rate of return drops to 2 percent and below, there are going to be a lot of people rethinking taking their money out of the bond market, housing market and stock market.

Wayne Angell

 
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