Sung Won Sohn Quotes

Without a doubt, there will be a contraction in the third quarter's GDP of approximately 0.9 percent... Given the slow start in October, the most likely scenario calls for a larger contraction in the 2.8-percent range in the fourth quarter.

- Sung Won Sohn

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Doubt | Contraction | Approximately | Percent | Slow |

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The central bank runs the risk of raising the interest rate too fast. Historically, the central bank had overreacted to inflationary pressures, contributing to economic recessions. - Sung Won Sohn

By the time the election is over, the Fed might be in a position to increase rates more aggressively. In 2005, we might see rates going up more than a quarter (percentage point) every other month. - Sung Won Sohn