Steven Wieting Economy Quotations

We're getting higher and higher oil prices each day and you'll continue to see a larger drag on the economy through the summer months.

While the U.S. economy is still transitioning, and will for some time, data that should be supporting confidence in the recovery have not worked to ease investor concerns. We have to wonder if markets won't derail an otherwise quite healthy recovery in much of the core of the U.S. economy.

This is a fairly big negative, correlated to other unfortunate news, like weak financial markets, which have their own impact. So far it still looks like the economy is growing, but below trend.

It will be a long time until anybody thinks the economy is stretched and can't produce enough to match demand. We could be dealing with it for all of 2004, certainly.

If you can tell me where the next move in oil prices is going to be -- up to $60 a barrel or down to $20 -- I can tell you what the economy is going to do.

In some industries, there's no improvement and the economy is not going to help them.