Sung Won Sohn Quotes

A quarter-point cut [Tuesday] could weaken confidence by reinforcing pessimism in the market place... Instead, [Fed] Chairman Greenspan should stand pat, sending a positive message that economic recovery is in sight and no additional monetary stimulus is needed.

- Sung Won Sohn

Tags

Quarter | Point | Tuesday | Weaken | Confidence |

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In the summertime, we have a lot of plant shutdowns, especially in the auto industry. Despite that, we saw a drop in initial claims... That's indicating that the employment market has not only stabilized, but has begun to improve slightly. - Sung Won Sohn

If the economy does not move out of the soft patch, monetary policy could be on hold beginning September until the economy shows signs of renewed strength. - Sung Won Sohn