Jack Guynn Saw Quotations

Over the period ahead, as the full effects of the sequence of monetary policy moves plays out, I expect that output growth will settle on a path that is somewhat below what we saw in the first quarter, probably growing at close to the economy's potential.

In some of the hottest coastal markets in the Southeast, I've heard of sharp adjustments and sudden reversals of the frenzied speculation we saw earlier, with prices falling sharply in some markets.