Steven Wieting Quotes

Whether the Fed goes 25 or 50 basis points next week might mean something for managing market psychology, but it doesn't mean nearly as much for the broader economy. Their language regarding their future considerations on rates is what should matter.

- Steven Wieting

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Basis | Points | Week | Managing | Market |

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I think it comes down to the mechanics of how folks were counted. - Steven Wieting

It will be a long time until anybody thinks the economy is stretched and can't produce enough to match demand. We could be dealing with it for all of 2004, certainly. - Steven Wieting

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