51 Total Quotes

Diane Swonk Quotes

They're now looking at the demand trade-off on oil prices, not just the inflation trade-off, which will make Fed policy much more complicated. It's a subtle but important change.
Diane Swonk
#Inflation

Not only are retailers doing more with less, like every other large corporation, and taking advantage of six fewer days in the shopping season, but they are actually hiring less this holiday shopping season, so there's fewer people on the floors actually helping consumers out.
Diane Swonk
#Advantage

[The conference takes Fed staff and academics] out of their ivory tower ... It's the unique mix of those individuals — that's the beauty of it.
Diane Swonk
#Academics

As auto sales taper off, we'll see a reallocation of spending. A resolution of the Iraq situation will cause a relief rally and get companies to invest back into the business, ... Also, oil prices will plummet and that typically stimulates real income growth.
Diane Swonk
#Iraq

The Fed doesn't want to be dealing with the old economy, with deficits returning. They're trying to have some impact on decisions made now without getting us into permanent problems.
Diane Swonk
#Economy

To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
Diane Swonk
#Environment

We've got the strongest overall profit performance in 30 years, and these are real profits, not the fake ones we saw in the late 1990s.
Diane Swonk
#Performance

This is not much of a surprise. We've got a Fed saying growth is strong, but they're still hedging against a downturn. This is a Fed waiting to see the whites of the eyes of recovery.
Diane Swonk
#Growth

It was an extraordinary quarter for productivity growth. Katrina was expected to lop off growth and give us a crippled and less efficient quarter. Instead, it showed how remarkably resilient the U.S. economy was both in response to the hurricanes and the energy shocks that accompanied them.
Diane Swonk
#Growth

If we are in an economy that is weakening ... that's not good for profits.
Diane Swonk
#Economy

Once they get that debt paid off, it's just free cash flow.
Diane Swonk
#Debt

The bond market is just overwhelmed by problems abroad,
Diane Swonk
#Problems

There's a difference between good growth and bad growth at this stage of the cycle and this is clearly not the kind of inflationary growth that the Fed gets overly concerned about,
Diane Swonk
#Growth

I think the market is tired of Christmas. We've already seen the Christmas reports. As far as the market is concerned, that's old news.
Diane Swonk
#Christmas

I think you have to take the January numbers with a bit of a grain of salt. Consumer confidence is still quite strong and I think we'll see at least a partial recovery in activity in February and through the spring.
Diane Swonk
#Confidence

Like what the Fed has suggested, the U.S. economy was more than strong enough to absorb the blows of Katrina. The labor market is still pretty resilient.
Diane Swonk
#Economy

In the aftermath of Katrina, the effect on the labor market from the fallout has been limited.
Diane Swonk
#Labor

A limited statement would be more productive because the Fed is trying to deal with psychological issues. They want the focus to be on their action, not their words.
Diane Swonk
#Trying

It's all part of adding certainty in a chaotic situation.
Diane Swonk
#Certainty

It adds up on paper to look a lot better than what it feels to people, ... not as many people are sharing in the economic gains.
Diane Swonk
#People

It's all vehicle sales and gas. Chain-store sales were relatively strong during the month, suggesting consumers diverted their vehicle spending to other sectors. We also had a cold snap which prompted early spending on winter wear.
Diane Swonk
#Sales

It confirms that the Fed is almost done. Those looking for higher rates are not looking at the economy the same way as the Fed.
Diane Swonk
#Economy

Once you really start having bidding wars over people and you're willing to employ just about anyone who breathes, it's amazing what happens to the labor force participation rate.
Diane Swonk
#People

Steakhouses all of a sudden don't look so good, but people don't stop eating,
Diane Swonk
#People

I think it does encourage flight to quality, temporarily, but actually I think once we get beyond this point, there is a deadline here, ... December 12th is a deadline out there looming not very long away, and I think that once we get beyond that point we really will see this as little more than a blip in the radar screen, as much as it seems like a major event in the moment for the markets. But it's not part of the fundamental economy.
Diane Swonk
#Economy

Larry Summers is the economic conscience of Rubin. He is the economic half of that team. Rubin had market smarts and the political savvy; Larry Summers was, in many ways, the economic mastermind here.
Diane Swonk
#Conscience

The effect of the strike will be to short-circuit momentum in the U.S. economy, but we are well positioned to absorb it,
Diane Swonk
#Momentum #Economy

The question is not whether the consumer is slowing. From the Fed's perspective, it's whether the consumer is slowing down fast enough to keep inflation in check,
Diane Swonk
#Inflation #Perspective