Diane Swonk Quotes

The Fed wants to see whether this July data, this bad economic data, was an aberration, and two months will make it clearer. If they see more instability in financial markets, they will take it lower.

- Diane Swonk

Tags

July | Data | Economic | Aberration | Months |

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We were expecting sales to remain in record territory today, not set new records. This really underscores the silver lining to clouds abroad. - Diane Swonk

When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession? ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus. - Diane Swonk

It confirms that the Fed is almost done. Those looking for higher rates are not looking at the economy the same way as the Fed. - Diane Swonk