Steven Wieting Quotes

We're getting higher and higher oil prices each day and you'll continue to see a larger drag on the economy through the summer months.

- Steven Wieting

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I think energy affects us at every price. As we go marginally higher, growth forecasts get marginally weaker. At roughly $50, oil should be holding back GDP (gross domestic product) growth by a full percentage point in the year to come. Fortunately, we have more than a percentage point to give. - Steven Wieting

This is not entirely comforting but you'd need a lot more information than one month's PPI at the turn of the year to worry about inflation. - Steven Wieting

If demand stays strong and productivity growth slows considerably, this could be a year that could be seen as heading towards traditional overheating of the labor market, with big employment gains. - Steven Wieting