John Silvia Quotes
You can no longer make the argument that there is a lot of excess capacity out there. The bias on inflation is a little bit to the upside and the Fed has to be careful about that. 
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Longer | Argument | Excess | Capacity | Bias |
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I think if you had $70 oil, and the Fed were to continue to raise interest rates to fight inflation, that could cause a problem... I think there's a certain breaking point where that the price of energy alone is so high that it changes the psychology of both businesses and consumers. I think $80 would probably break the back.
- John Silvia
