Joshua Feinman Economy Quotations

It's a little bit analogous to the early 1990s, in that, when the Persian Gulf War ended then, the economy did not come storming back -- it took a while because it continued to work off its problems. Something similar could happen this time, though the economy is a little further along now in its process of unwinding than it was then.

If the economy roars back, you can always take the cuts back. But suppose you're wrong on the other side, and the economy continues to languish? With the slack already in the markets, inflation is likely to move lower still.

Before the storm struck, (the Fed) thought the economy was on sound footing, ... I don't think that's changed. The only thing Katrina may have done is raise some uncertainty about the near-term outlook.

As the national economy gets better, California will get better, and some of its problems will be less acute.

They will convey more or less the same message -- that the economy is looking better, but nothing that would convey the notion that they're going to be moving rates any time soon.

This is more corroboration that the economy, particularly the production side, is responding to the pick-up in demand we saw in the third quarter.