(18 quotes found)
“We'll be looking for some of our underclassmen to step up this week and demonstrate their worthiness and effectiveness for the future. I want to see some grit and guts this week. I want to see a commitment to excellence.”
Wayne Angel
“The Drake (Relays) are very similar to the Big Ten Championships in that we're going to be competing for two days. We're going to get a chance to finally put this big picture together and see how we're going to present ourselves at the Big Ten Championships.”
“This [confidence report] increases the likelihood [rates] will be moved down another [half percentage point] to 2.5 percent. That's going to increase the likelihood of an improvement in economic conditions next year.”
Wayne Angell
“All of this tells me that the economy is going to continue to grow at a 4 percent rate, and I think the Fed is very well aware of that. Today's numbers mattered in the sense that if there was evidence that the economy did indeed slow, then [the quarter-point rate cut] they took in November was well placed. But that clearly isn't happening.”
“I've never seen a time when there's been such a blow-up of the kind of risk to the U.S. economy. We've taken a 2 percent trade drag for the first three quarters of 1998 and yet we're still averaging a 3.25 percent growth rate for these first three quarters.”
“The markets are saying (a rate hike) is not only justified, but it's good news. It remains to be seen whether the economy will be stronger than we anticipate.”
“No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance.”
“Alan Greenspan tends to give a tougher talk in a speech when he is not going to raise rates than he does when he is going to raise rates. He either barks or he bites, and I think he is barking.”
“The Federal Reserve engages in a series of rate hikes at the tail end of an expansion when inflation is accelerating. What the Federal Reserve has done today is they made that less likely and thereby this expansion is more apt to go on as long as the year 2000.”
“The world's central banks have certainly decided U.S. Treasury notes are a better long term investment than gold.”
