Diane Swonk Quotes

What can the Fed do about WorldCom? This is not an interest rate problem. This is not something they should be involved with. I'm sorry, Wall Street, but you can't look to the Fed to save you when they don't have the tools to save you on this one.

- Diane Swonk

Tags

Worldcom | Interest | Rate | Problem | Involved |

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There's nothing to be gained by saying anything right now, ... there's a lot of uncertainty... over how long it will have to raise rates. - Diane Swonk

The Fed doesn't want to be dealing with the old economy, with deficits returning. They're trying to have some impact on decisions made now without getting us into permanent problems. - Diane Swonk

What the Fed told us today is, we don't think we are done yet and we are not sure when we will be done. - Diane Swonk