Robert DiClemente Quotes

He sees an explicit medium-term inflation target as an anchor for financial markets and a mechanism for Fed accountability.

- Robert DiClemente

Tags

Sees | Explicit | Medium | Term | Inflation |

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The severity of the downturn still hinges on the fate of consumers. - Robert DiClemente

For the Fed, recent developments present an additional challenge because data hint that officials might need to risk an overshoot, moving rates into restrictive territory. - Robert DiClemente

The wealthiest households took the hardest hit from the equity slide over the past two years and had the largest debt exposure. Since these high-income households are in the best position to withstand deterioration in their financial positions, the shocks are likely to have a limited effect on overall consumer spending. - Robert DiClemente