46 Total Quotes

Bill Cheney Quotes

Given the absence of core inflation, it seems to me as good a time as any to pause and see what's happening for a few months rather than overshoot and risk a recession.
Bill Cheney
#Absence

Rising unemployment, ironically, contains good news. It signals people who had given up and dropped out of the work force are back looking for jobs. Clearly, they have hope there are jobs to be found.
Bill Cheney
#Force

The good news for workers is that productivity growth cannot continue at this pace. Demand will translate into jobs very soon, and in fact I think it's happening right now.
Bill Cheney
#Growth

This is a perfect jobs report. Job growth slowed significantly and there are absolutely no signs of inflation. Greenspan may be pulling off what once seemed impossible: two soft landings in one economic expansion.
Bill Cheney
#Growth

There really is no inflation problem right now, and there's certainly nothing in the pipeline, with the economy as weak as it is.
Bill Cheney
#Economy

It's another in the long series of the no-news-is-good-news story about inflation.
Bill Cheney
#Inflation

Inflation is a potential risk. It's not a reality yet.
Bill Cheney
#Inflation

Unless we're missing something, the unemployment rate will be shooting back up again very soon.
Bill Cheney
#Unemployment

But that's still largely a hope, not a certainty.
Bill Cheney
#Certainty

We're not only stuck in a soft patch; we're spinning our wheels. To get back to full employment, we need a lot more demand, and that's hard to see coming anytime soon from either domestic or international sources.
Bill Cheney
#Employment

Corporations may be ultra-cautious, but at least they're not slashing jobs, and that's a net positive.
Bill Cheney
#Corporations

Many businesses see statistics showing economic growth as a cruel joke. Competition is still brutal, wages are still rising, prices are still flat or falling, and profits are as hard to find as they were a year ago.
Bill Cheney
#Competition

Regardless of what happens to energy prices and interest rates, homebuilding is going to happen and that's going to affect the national statistics but not by a huge amount ... it sort of disappears in the context of the national economy.
Bill Cheney
#Energy

I think the job market is on a roll.
Bill Cheney
#Job

Even though it's improving, there's still an awful lot of people who dropped out of work force and are waiting to be pulled back in.
Bill Cheney
#Force

We're still looking at job growth, but not enough to prevent unemployment from rising. If there were no special factors explaining this, it would be a rather dramatic piece of news.
Bill Cheney
#Growth

If unemployment sticks at about 6.0 percent and starts coming down, the Fed will probably feel it has to start tightening fairly soon.
Bill Cheney
#Unemployment

With the tide turning on job growth, consumer sentiment going into the holidays is far better than last year, even if it's not quite happy days are here again.
Bill Cheney
#Growth

This big swing in defense spending had to do with mobilizing the National Guard for the hurricanes (in the third quarter), but it still seems implausibly large when you're fighting a war. I'm not 100 percent sure I believe it, and I certainly don't think it will happen again.
Bill Cheney
#Defense

We have solid job growth, but no significant inflationary pressures.
Bill Cheney
#Growth

The U.S. economy is cruising along now.
Bill Cheney
#Economy

Monetary policy is the perfect instrument for these circumstances. The Fed can keep pushing as needed, but still can turn on a dime and pull back as soon as spending starts to rebound.
Bill Cheney
#Circumstances

The unemployment situation won't truly improve until businesses increase hiring a lot more than they did in February. It takes roughly 150,000 new jobs per month just to keep the unemployment rate steady, as population growth increases the work force.
Bill Cheney
#Unemployment

Today's rate cut was no surprise. Even the half-point cut was more or less expected. In fact, the economy is still weak enough for the Fed to feel free to keep easing.
Bill Cheney
#Economy

[Fed Chairman Alan Greenspan] wants to get the economy off the ground, and I expect the Fed to move ahead with another quarter-point cut next week.
Bill Cheney
#Economy

The retail sales number is perhaps more important than it would look at first sight. Since we're coming so close to the Christmas shopping season when most of the retail sales of the year happen, anything that represents a gauge of consumer sentiment and consumer buying patterns is going to be latched onto by the retail industry as an important indicator.
Bill Cheney
#Sales

There really is no inflation at the wholesale level.
Bill Cheney
#Inflation

By mid to late October, you're getting into the fourth quarter, and people are starting to look at their year-end results and deciding whether they can bail out now and still look good for the year. That's going to be as true now as it was (in 1987).
Bill Cheney
#People

If there is a danger, it is that the report isn't capturing creative and hidden ways employers are boosting wages. I'm sure Greenspan has a sneaking suspicion that these kinds of things are happening and that they may at some point provoke a burst of wage inflation.
Bill Cheney
#Danger

It's clearly good news. Clearly it means that the Fed is still free to ease as much as they are inclined to.
Bill Cheney
#News