Joshua Shapiro Quotes

It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.

- Joshua Shapiro

Tags

Wait | Powerful | Storm | Damage | Refining |

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[However,] most people probably expected them to tighten... The policy statement was the source of differing opinions. - Joshua Shapiro

We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing. - Joshua Shapiro

I don't think we're talking about a recession or a near recession. I think we're talking about growth that is slower than people expected. - Joshua Shapiro