Sung Won Sohn Quotes

Without the terrorist attacks, we would be experiencing economic recovery in this quarter.

- Sung Won Sohn

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Terrorist | Attacks | Experiencing | Economic | Recovery |

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The committee members believe that the interest rate is too low, pointing to continuing, gradual increases in the rate. The central bank is reducing accommodation, not tightening monetary policy. - Sung Won Sohn

I think the Fed is pretty much done for this economic cycle, unless some major catastrophe develops, such as a messy war in the Middle East or a housing bubble bursting. - Sung Won Sohn

Hopefully, by August (when the Fed next meets), we should have a pretty good idea that the economy is expanding. A tax rebate and earlier cuts will be working. If the Fed cuts in August, we will worry more about them overdoing it. - Sung Won Sohn