Diane Swonk Market Quotations

I think the market is tired of Christmas. We've already seen the Christmas reports. As far as the market is concerned, that's old news.

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.

This speech is telling traders that the stability they've come so well to know is their own worst enemy, ... the bond market has not priced in enough risk.

The bond market is just overwhelmed by problems abroad,

The Fed is willing to overshoot the mark. I want to underscore that we're catching up. We're getting the market back in line, but we're not going to see positive earnings from that until we get into the third quarter,

In the aftermath of Katrina, the effect on the labor market from the fallout has been limited.