The jobs numbers are going to be meaningless for the next few months. You'll have Katrina as a big asterisk, ... So the Fed will be flying blind a little bit.

209

The Fed is in a difficult position given the hurricane. The Fed is kind of flying blind.

202

I think the Fed will change the wording and get rid of measured. Greenspan wants to get to neutral on his watch and the Fed will want to change the wording to suggest that it's almost done.

191

They can leave out the sentence about accommodation and say that future actions will be based on incoming data.

179

The Fed is still looking at inflation. Katrina is certainly going to have some negative impact on the economy but longer-term Katrina will be a positive as we rebuild the Gulf area.

174

There are some indicators suggesting a bit of a slowdown. That could cause the Fed to pause, ... The key is about how the Fed talks about the economy, if they talk about weakness worldwide and rising oil prices.

133

One of the main drivers right now for the market is this worry about interest rates.

119