Stephen Stanley Respond Quotations

It is still far too soon to say how the economy will respond to Katrina, but so far, so good. Things are improving so far about as quickly as could be expected.

The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.

The crux of the statement was unchanged (from the last meeting), ... They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.