Wayne Angell Quotes
Even if the events of Sept. 11 had not occurred, the economic case for lower interest rates was a strong one. However, as we work toward a reopening of the equity markets, we believe that a cut in rates is even more important than it was before. 
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Events | Sept | Occurred | Economic | Case |
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Chairman Greenspan's comments went further than previous Fed commentary on recognizing the degree of slowing in the economy and clearly pave the way for the Fed to switch to a neutral directive. Moreover, his comments further encourage us in our belief that the Fed will lower rates in the first quarter of next year.
- Wayne Angell
All of this tells me that the economy is going to continue to grow at a 4 percent rate, and I think the Fed is very well aware of that. Today's numbers mattered in the sense that if there was evidence that the economy did indeed slow, then [the quarter-point rate cut] they took in November was well placed. But that clearly isn't happening.
- Wayne Angell