Reserve Quotations | Page 5

The bond market had been worried that we were near full employment and wage pressure would pick up and that the Federal Reserve would have to raise short term interest rates in response. But now that the all important employment cost index was up just 0.6 percent, the Fed doesn't need to raise short term rates because the economy is slowing down.

The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.

The bank's brighter outlook supports the view that the BOJ may cut the reserve target around April, laying ground for a rate hike later in the year. That could be a good enough excuse to buy the yen and sell the dollar when the Fed is nearing the end of its tightening cycle.

The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.

The administration has been clear that the Strategic Petroleum Reserve is a national security asset that can be used to protect American consumers and our economy in the event of a major supply disruption, including natural disasters,

That is why we do not understand the U.S. dollar at the moment as the universal or absolute reserve currency.

take affirmative action to identify and permanently locate an optimum number of C-130 aircraft as a detachment to the Pittsburgh Air Reserve Center.

Taken together, all this employment data provides the Federal Reserve with a measure of confidence to allow an increase in the funds rate,

Strong figures on producer prices will ignite inflation worries, giving the Federal Reserve cause to lift rates as much as twice. That's dollar supportive for sure.

It's important for our people to know that we understand the situation and we're willing to use the Strategic Petroleum Reserve to mitigate any shortfall in crude oil that could affect our consumers,

It leaves open the door for the Reserve Bank to raise official interest rates sooner rather than later.

It was luck, partly. The other reason is the anticipation that inflation would be contained and that continued rate increases from the Federal Reserve would keep longer-maturity investors enthused about their returns.

I want to express our extreme reserve about the extension, all the more so since the measures have been used only on rare occasions. We do not see any reason to justify its extension.

It will reduce the chance of the Reserve Bank moving at the May meeting.

The U.S. economy is probably growing at a pace that cannot be sustained over the long run. In our opinion, that means the Federal Reserve is going to need to act to restrain growth more dramatically than the market expects.

The US dollar rose on Friday, with investors believing that a rise in the key core PCE deflator will keep the Federal Reserve poised to lift interest rates.

The US Central Command Air Forces is sending 300 Active Duty and Air Force Reserve Airmen home who were assigned to Keesler Air Force Base (in Biloxi, Mississippi) so they can attend to their families' needs after Hurricane Katrina,

The U.S. Central Command Air Forces is sending 300 Active Duty and Air Force Reserve Airmen home who were assigned to Keesler Air Force Base (in Biloxi, Mississippi) so they can attend to their families' needs after Hurricane Katrina,

There's such a worldwide demand for chips that whether the Federal Reserve rises rates (a half percentage point) isn't going to slow demand for chips.

These numbers are suggesting that a future Federal Reserve tightening will be coming to a theater near you quite soon.

These units are very, very high end. We haven't even started advertising yet. We didn't have to reserve any to start construction on the building. There will be a 24-hour concierge and security. There will be extra storage you can purchase. Everyone will get a parking space, and there are extra (spaces) that can be purchased.

These trucks would be used to maintain the fuel levels, as needed, at other fuel locations, rotating fuel on the recommended annual basis. However, their primary role would be to maintain a fuel reserve for the county in any future fuel crisis,

The need for a non-veteran reserve became painfully obvious in the Korean war when many of the men who were being called to serve were World War II veterans participating in Ready Reserve units.

The near-term inflation outlook will cause the Reserve Bank some short term concern,

After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.

After the United States entered the war, I joined the Naval Reserve and spent ninety days in a Columbia University dormitory learning to be a naval officer.

Any time you go on the road in the league and win it's good. We accomplished a lot, and our reserve kids learned that they need to continue to work to get where we need them to be.

Any time we do a custom project, we reserve the right to put the developed code into a general product.

So core inflation is still rising slightly but doesn't appear to be a problem, and I think this is good news for the Federal Reserve . With energy prices declining it reduces the risk that fuel costs will be passed on to consumers.

The jobs number was fuzzy, even though on balance it helped to perk up the market, ... Based on that number, the market is now factoring in that the economy is not weak enough for the Federal Reserve to cut interest rates in its Sept. 24 meeting.

The Federal Reserve will continue to raise rates during the next several meetings, as the pass-though from higher oil prices to overall inflation may not yet be over. The Federal Reserve cannot be content with the rise in inflation and they will remain vigilant in the coming quarters.

The Federal Reserve will concentrate on the decrease in house prices and home equity loans as a strong indicator of the cooling of the U.S. housing bubble. That may limit further increases in rates past 5.25 percent.

The Federal Reserve will be meeting on Sept. 30. It will be an easy decision to leave policy unchanged. There is no sign of accelerating inflation, and there are arguments and evidence that growth is in the process of slowing somewhat.

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

The Federal Reserve raising interest rates earlier this month prompted financial institutions to slightly increase interest checking rates,

The Federal Reserve purposely seeks not to surprise the market. And it delivered no surprise today, keeping rates steady. The statement following the meeting confirmed what the market has suspected, namely that demand is moderating bringing it closer to the economy's growth potential.

The Federal Reserve must deliver -- again and again -- on its commitment to price stability,

The Federal Reserve is one of the main driving forces for rates changes on checking and money market accounts. With the Federal Reserve increasing the benchmark federal funds rate a quarter-point, I anticipate checking and money market account rates to show some movement in the coming weeks.

The Federal Reserve is not here to support the stock market. This move yesterday (Wednesday) was done for economic reasons.

The Federal Reserve is nearing the end of its tightening cycle, and the European Central Bank could tighten more.

The Federal Reserve is concerned with maintaining price stability and with employment and the economy. We know the labor market is strong and that the economy is doing well, but the CPI will address pricing pressure.

The Federal Reserve has talked about the economy being in a soft spot -- well, it's really in a soft spot.

The Federal Reserve has responded to the balance of market forces by gradually raising the federal funds rate over the past year, ... Certainly, to have done otherwise -- to have held the federal funds rate at last year's level even as credit demands and market interest rates rose -- would have required an inappropriately inflationary expansion of liquidity.

The Federal Reserve has lowered the bar on what it would take for them to lower interest rates,

The Federal Reserve has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy,

The Federal Reserve has been going through a tightening cycle. Whenever the Fed tightens, whatever financial fragilities there are in the economy are going to get exacerbated.

The Federal Reserve has been for some time thinking of the economy as having two diametrically opposing influences: strength domestically and weakness overseas. There's nothing we've learned (today) that changes that view.

The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.

The Federal Reserve engages in a series of rate hikes at the tail end of an expansion when inflation is accelerating. What the Federal Reserve has done today is they made that less likely and thereby this expansion is more apt to go on as long as the year 2000.

The Federal Reserve does not want to have to raise interest rates. The next best thing is to have the market do it for them and that's exactly what happened.

The Federal Reserve cannot address directly supply disruptions and really the best support they can give in this situation is to keep the economy on a sound footing with low inflation.

The Federal Reserve Bank of New York's efforts were designed solely to enhance the probability of an orderly private-sector adjustment, ... No Federal Reserve funds were put at risk, no promises were made by the Federal Reserve and no individual firms were pressured to participate.

The Federal Reserve and energy prices really have the fate of the economy in their hands.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.

The fear that's out there is forward looking, with people worrying about inflation and what the Federal Reserve might do in the months ahead. So the numbers next week won't help, although we do get a lot of earnings, which is good.

The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.

The continued buoyancy of the labor market has sustained consumer confidence and limited the fallout from the softening housing market. This, in turn, ensures that the Reserve Bank has retained a tightening bias for interest rates.

The consumer sector has been on of the strongest in the economy, and that's the sector that (Federal Reserve chairman Alan) Greenspan worries about.

The core (inflation measure), while it's up, still looks very contained. This just keeps the Federal Reserve interest rate hike engine humming along after June 30.

The Chinese yuan isn't a reserve currency at all, let alone 'the' reserve currency. We're a very long way away.

I'm disappointed for Steve. I know he wanted the job. I'm an Englishman and I'll reserve my judgement on that appointment.

Inflationary pressures are starting to percolate --and the Federal Reserve is going to react to this.

India is very good on transparency. It has always had a very strong governmental reporting of the economic facts of the Indian economy. We are quite assured that the Indian Finance Ministry and Reserve Bank is dedicated to good reporting to the international markets.

Increasingly, it seems Asian countries are wanting to slow the pace of reserve accumulation, given how high they have gotten.

In Canada and U.S., people are watching for (inflation) to be higher then it was last month. In the U.S. everyone is just nervous about whether we're going to see numbers higher than anticipated because that would make the (Federal Reserve Board) less likely to cut more interest rates.

In January I placed the likelihood of a Federal Reserve Rate hike in May at less than 10 percent. I now set the probability of at least a 25 basis point, or quarter percent, increase at 90 percent when the Fed meets again on May 10.

I have no doubt the Euro will be the world's major reserve currency in five to 10 years. If not the major one, it will be at least as important as the U.S. dollar.

In economic news, the Federal Reserve said that manufacturing output was down for the northeast with the Empire state off 20.1 from 26.3 in December. Industrial output nationally increased by 0.6% nationally while capacity utilization was at 80.7%. These numbers are important as the FOMC looks at them closely in determining inflationary trends. These numbers are still pointing to an expanding economy.

If there are more intense storms in these hurricane cycles, well, essentially we need a reserve that is going to be able to take care of one or two or three storms.

If you are Alan Greenspan, it's hard to make a rule that would do any better. On the other hand, we have had 12 chairmen at the Federal Reserve since 1913, and some of them have made massive blunders.

If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.

If you could literally 'rid' yourself of your problems by voicing them, I'd be all for it. But since that isn't so, why not reserve the spoken word for functional interactions and witticisms, if not declarations of love?

In the event that fuel prices take a dramatic turn downward, we would reserve the right to revisit the rate and adjust it accordingly,

In the current rising cost environment, we consider the all-in unit reserve replacement costs, which are essentially flat with those of 2004 to be excellent.

In order to keep our fleet going, we should rotate some of these vehicles that are 10-years-old into reserve or trade them in.

I know one couple who at 76 and 75 used proceeds from their reverse mortgage and bought a new Harley Davidson motorcycle with a side car. There are basically three types of people who get these loans. There are need-based borrowers, who need the money to supplement what they are getting. There are security borrowers, who are getting by but want to add a reserve to pay for such things as emergency repairs. And there are lifestyle borrowers, who are doing OK on their retirement income but want to add some discretionary income.

In these early years, if we keep the Reserve Fund and use that it shouldn't affect our budget. It eventually will if we don't wean ourselves.

Investors are going be looking carefully at today's retail sales for any sign that consumer spending may be slowing. Oil is also up for a third consecutive day. We know oil is a major concern for the Federal Reserve and elevated oil prices are one of the reasons why the Fed has taken a very aggressive stance on monetary policy.

Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold,

Investors want to see the U.S. stock market's reaction to whatever the Federal Reserve says, which might set the tone for global high-techs for a while.

In the long run, we need to continue to work for a farm bill that supports price, that builds reserve and has some mechanism to deal with overproduction. We need to move away from producing too much of what we can't sell and moving toward products we can sell.

Interest-rate support for the Australian dollar will lessen quite substantially as the year progresses. We see a steady outlook from the Reserve Bank of Australia and a higher Fed rate.

In a democracy -- even if it is a so-called democracy like our white-Tlitist one -- the greatest veneration one can show the rule of law is to keep a watch on it, and to reserve the right to judge unjust laws and the subversion of the function of the law by the power of the state. That vigilance is the most important proof of respect for the law.

In 2008, Goldman Sachs only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

If there was ever a time for the Strategic Petroleum Reserve to be tapped, it would be now.

It has to be a weapon held in reserve to ensure there is a real investigation.

Clearly the new paradigm is alive and well, ... While (Federal Reserve Chairman Alan) Greenspan downplayed the policy significance of CPI in his remarks last night, it is still a major positive for investors that core inflation remains benign.

Clearly the Federal Reserve is getting what it wanted with six interest rate increases.

Clearly you can speculate that 4.75 percent is not the end of Federal Reserve tightening and there is a good argument now that they go to five percent. People don't want to be dollar short at the moment.

Clearly today's numbers show that the economy is still healthy and that the Federal Reserve probably will still be concerned about inflation for at least a couple more months.

Clearly people feel less wealthy and people are going to focus on what happens to the direction of interest rates. Over the next couple of weeks, as the election subsides attention is going to shift to (Federal Reserve Chairman) Alan Greenspan.

But I reserve the right to write the kinds of books I feel like writing.

Hillary Clinton is so smart... People reserve a special venom for her.

Housing construction is likely to be weak into the first half of 2006 and possibly beyond. It works against the tightening bias of the Reserve Bank.

I don't think it changes anything for Federal Reserve policy. Various early warning signs of inflation are still telling us they have to raise interest rates by 50 basis points and they are likely to do so when they meet next week.

By establishing a reserve and bleeding it into income in later years, the company made it seem as though the profits were increasing, ... That misleads investors, and that's wrong.

He's worked hard, and hasn't had any adverse effect on his hamstring, so he's getting there. Ideally you'd want him to play one or two reserve games first ...

GDP is looking a lot weaker than we had anticipated and that should keep the Reserve Bank on hold for a fair while.

I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.