Bill Cheney Evidence Quotations

Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.

It would be kind of like when they put through a substantial emergency rate cut when the market crashed in 1987. I don't think it is evidence of panic to treat what happened yesterday as an emergency. It's an emergency on many levels.

The inflation threat has receded yet again. I can't see the Fed moving now at least until early next year. They have almost no evidence of inflationary pressures and there are hints that the economy finally is slowing.

All the evidence on consumer confidence would tell us that all spending on big-ticket items is liable to plummet in the next month or two.