What we are experiencing now is the best of all possible worlds, but it is an element of concern for the Federal Reserve that we don't spill over from inflation, moderate as it is, to outright deflation, which could be a very dangerous development.

207

It is a foregone conclusion that there is no threat of inflation ... the question is not when the Fed will ease, but how much, and how frequently.

205

We haven't had this kind of an environment since the Truman years.

197

We still have an environment where the economy is moderating. The story on inflation is that it remains subdued.

136

The Fed is done for the year.

127

Increasingly, the Fed will recognize that prices are set outside of the U.S..

113