Diane Swonk Quotes

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

Tags

Economy | Years | Road | Consumer | Credit |

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The Fed will wait to see at least another month's worth of economic data before it makes a decision to ease. They want to see whether or not [weak] July data were more of an aberration or a trend -- two months will give them more cover to ease further. - Diane Swonk

There's a difference between good growth and bad growth at this stage of the cycle and this is clearly not the kind of inflationary growth that the Fed gets overly concerned about. - Diane Swonk

It will be very interesting to see Fed's decision today, which may include them standing pat in terms of no move on interest rates, and there is chance here they will now talk about risks being balanced between recession and recovery. - Diane Swonk