Quotations
Famous Quotations
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Richard Berner Quotes
«The Fed truly wants to get inflation somewhat higher -- back into the comfort zone. Why not say where that comfort zone is?»
Author: Richard Berner
«Change is a constant of the U.S. employment picture. New technology keeps changing the nature of work and the nature jobs. I can't tell you what new technology will have spawned new jobs five years from now, but my guess is there will be one.»
Author: Richard Berner
«With the current account and the budget deficits now expanding together, market participants may pay more attention.»
Author: Richard Berner
«I still see that companies went overboard in slashing their work force in an effort to cut costs and to eliminate the hiring excesses of the 1990s, ... I think we have a shortfall of about 1.8 million jobs to make up.»
Author: Richard Berner
«The unemployment rate in the first quarter should have been at least 6.3 percent -- significantly higher than January-February's 5.75-percent average,»
Author: Richard Berner
«Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability,»
Author: Richard Berner
«I believe that such fears are overblown, ... Advance labor-market indicators like Manpower's survey of businesses indicate that hiring plans are on the rise. So while it is true that job gains have been slow in coming, they typically are anemic in the early stages of recovery.»
Author: Richard Berner
«Greenspan's remarks will be significant, either because of what he does say or what he doesn't say, ... They will move rates higher this year but the timing of that may have changed.»
Author: Richard Berner
«The issue is does OPEC think the global economy is strong enough to withstand the change in price. It just so happens that the economies that are seeing the biggest price increases -- the United States and China -- are also the strongest.»
Author: Richard Berner
«Fed policy makers made a statement that they want to really underpin the recovery. They've seen the downside risks and they want to make sure that low inflation and disinflation does not morph into deflation.»
Author: Richard Berner