Diane Swonk Economy Quotations

If we are in an economy that is weakening ... that's not good for profits.

kick back, put up his feet for a bit and not have to carry the burden of keeping the economy going alone.

It confirms that the Fed is almost done. Those looking for higher rates are not looking at the economy the same way as the Fed.

Like what the Fed has suggested, the U.S. economy was more than strong enough to absorb the blows of Katrina. The labor market is still pretty resilient.

When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession? ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus.

It was an extraordinary quarter for productivity growth. Katrina was expected to lop off growth and give us a crippled and less efficient quarter. Instead, it showed how remarkably resilient the U.S. economy was both in response to the hurricanes and the energy shocks that accompanied them.