Lyle Gramley Quotes

The Fed will be content to sit on the sidelines to await more definitive evidence as to whether inflation is going to be a problem or not... Setting the election aside entirely, the Fed, looking at the incoming data, would say to itself 'right now we don't want to raise interest rates and we don't need to raise interest rates.'

- Lyle Gramley

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Content | Sidelines | Await | Definitive | Evidence |

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There are a lot of worries circulating around about deflation... What the Fed is doing is saying we don't need to worry. If deflation happens, they will counter aggressively, and they have the tools to do so. - Lyle Gramley

What the Fed is trying to do, by being more transparent and more communicative, is highly desirable. But there are going to slips along the way. Ben will learn and the markets will learn. - Lyle Gramley

If one buys bonds now, one has to expect the possibility of a capital loss over the next six months... I don't worry about prices collapsing or spiking up, but 3.75 percent is an historically low [10-year note yield]. - Lyle Gramley