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Lyle Gramley Quotes
«Greenspan did not participate in supplying numbers for that forecast -- he refused to do so -- and sometimes in his testimony he didn't even mention the forecast.»
Author: Lyle Gramley
«He went to some length to emphasize the importance of price stability because some in the financial markets had tried to characterize him as a dove on inflation. I think the objective was to not rock the boat. He didn't go an ounce beyond what the Fed has already told us.»
Author: Lyle Gramley
«He can't go beyond the FOMC did last time around, which recognizes that the Fed is getting near the end of its tightening but there is still another one to come along.»
Author: Lyle Gramley
«There are a lot of people who are able to use their home- equity loan or a cash-out refinancing to pay their revolving credit and save on the interest. You're getting an awfully good deal.»
Author: Lyle Gramley
«He had anticipated every question. And he knew how to answer them without ruffling any feathers.»
Author: Lyle Gramley
«They recognize the risks to inflation are on the upside because of two factors: the potential for spillover of higher energy prices into core inflation and the tightening of the labor markets.»
Author: Lyle Gramley
«If housing weakens, home prices do too, and that could have a big effect on consumer spending.»
Author: Lyle Gramley
«This report will be watched closely since at least one of the Fed presidents, Janet Yellen [Federal Reserve Bank of San Francisco], has said that if there were a further substantial decline in unemployment, it will set off alarm bells in her head.»
Author: Lyle Gramley
«It raises the odds that the end is near because of the statement that growth appears likely to moderate to a more sustainable pace. It gives a hint that was not in the previous release. They hadn't been quite that specific about the outlook for the economy.»
Author: Lyle Gramley
«The Fed definitely wants the economy to slow.»
Author: Lyle Gramley