Bill Dudley Quotations

What's really happened is technology has basically favored capital markets over depository institutions because it has reduced the cost of making transactions.

Would you really buy a computer early if computing prices are falling? ... You'll probably have a bit of a bulge in spending in the fourth quarter, but we think people are overstating the benefits.

The problem with retaining your flexibility is you also create uncertainty. I'd be very pleased if the Fed took some new initiatives, but I'm not expecting it.

Like everyone, we are looking for a 25 basis point hike from the Fed and people will be looking for clues on whether that's it for the year.

Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.

I think you have to be somewhat skeptical about the payroll number.

Over the past year, core intermediate goods inflation has been nearly 5 percentage points higher than core finished goods inflation. This is one of the largest gaps ever, and reinforces our expectation that a part of this early-stage inflation should feed through into finished goods prices in the coming months.

Past transitions at the Fed have often been accompanied by volatile financial markets.

It didn't feel like a blowout. It was tight for so much of the first quarter. ... We're big, we're strong, we're so well-conditioned. ... I think our depth makes a big difference.

We now believe that the FOMC won't stop until the federal funds rate reaches 5 percent next spring, ... Stronger growth, still easy financial conditions, a tighter labor market, and rising unit labor cost inflation all put pressure on the FOMC to keep going.

We've learned a lot this year and we've grown from the experience,

The rate of capacity utilization would have to go up pretty dramatically for the Fed to tighten.

We also have some good battles to make our Top 5, so the lineup could change from week to week.

The question you have to ask is: Do you think monetary policy is really too tight? I don't think it is.

Experience will carry us in some meets, and if we can beat the hallways and get a few more kids for depth, we'll be even better.

The reason for this tremendous shift towards greater transparency is because of the growth and dominance of the capital markets. The monetary policy impulse is now driven by how the bond market, stock market, currency market react, so now it is more important that those markets understand what the Fed intends.

We expect durable goods to be up a bit, due to higher aircraft sales.

Brittani is running well and is still proving she's one of the best in the county.

Things are going to look a little better. Your going to see an economy that's soft, but not collapsing.

This is a pretty good report, I thought, in terms of the economy getting better.

It's a pretty negative development in terms of the outlook for growth in the U.S.,

The numbers are telling us that the economy looks like its continuing to grow at trend or a little bit above trend pace. What this means is that the prospects for maybe interest rates turning up in 1997 still look pretty good.

It'll depend on how the market interprets the statement and whether or not they can tell if the Fed closed the door to further hikes. If they haven't, they'll want to know how wide that crack is.

There's very little evidence that the market is nervous about the transition at this point.

The Fed's decision should be relatively positive for the bond market. They are not overdoing it and will do more if needed. We continue to advocate long positions and expect the Treasury bond market to rally considerably further.

The Fed's decision should be relatively positive for the bond market, ... They are not overdoing it and will do more if needed. We continue to advocate long positions and expect the Treasury bond market to rally considerably further.

I knew it was going to be a tight race.

In our view, Fed officials are probably at least as nervous about the inflation outlook as a few months ago.

Because it's better than doing nothing. A wild boar charges you and you shoot four of the six shots in your gun at it and it doesn't fall. Do you look at your gun philosophically and think, the first four shots didn't work, why bother?

By far this is the best team we have played. They were in the final four last year. We have to give a lot of credit to Vince for this win. His field goal and extra points helped us out a lot.