Joel Naroff Quotes

When energy costs stop falling, we may not be looking at such wonderful numbers... For now, the Fed can push inflation into the background. But when the economy is back up and running, they may want to revisit the 'inflation is licked' thing.

- Joel Naroff

Tags

Energy | Costs | Stop | Falling | Wonderful |

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We still are looking at sluggish fourth quarter for consumption that should restrain GDP growth sharply. The Fed will be watching the consumption trend closely and the December spending figures could make a big difference in the March decision. - Joel Naroff

The stunning drop in import and export prices in October is the clearest indication that economies around the world, not just in the United States, were hit hard by the Sept. 11 tragedy. - Joel Naroff

[The economic recovery] sure looks to be here, but once [Fed officials] recognize that fact, rates, including the fed funds rate, could jump... That is the box the FOMC has gotten itself into with their statement that policy accommodation can be maintained for 'a considerable period.' - Joel Naroff