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Sung Won Sohn Quotes
«Even with significant employment gains, the central bank wants to see more inflation and pricing power. The fall election is another hurdle. No hike in the interest rate is likely in 2004.»
Author: Sung Won Sohn
«Until and unless there are significant increases in jobs over a period, tighter monetary policy is out of the question.»
Author: Sung Won Sohn
«There is no reason for the Fed to deviate away from the cautious policy approach, ... The central bank won't raise the interest rate until August or later.»
Author: Sung Won Sohn
«The economy has settled into a sustainable, self-reinforcing growth path, ... All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.»
Author: Sung Won Sohn
«By the time the election is over, the Fed might be in a position to increase rates more aggressively. In 2005, we might see rates going up more than a quarter (percentage point) every other month.»
Author: Sung Won Sohn
«Businesses have regained confidence in the sustainability of this economic expansion and have started to hire people in earnest. Employers are trying to boost employment by adding more workers, not more hours per worker.»
Author: Sung Won Sohn
«The central bank put itself in a box with the top lid open so that it can change its policy quickly in response to changing economic conditions.»
Author: Sung Won Sohn
«Businesses are still awfully cautious about hiring. They used to hire in anticipation of increase in demand. [Now] they try to wait till the last minute.»
Author: Sung Won Sohn
«I think we should know about candidates' desires and views, but I think it would be a mistake to assume that they will become reality.»
Author: Sung Won Sohn
«The bedrock of consumer spending and confidence is employment. The expectations of more jobs has boosted consumer confidence.»
Author: Sung Won Sohn