May be a need sometime in the coming year, but let's wait until we get there.

263

Deflation is not at the doorstep.

235

I think all the stars are aligned for the economy to pick up, ... It's been growing; it just hasn't been growing fast enough to create new jobs. But I think the tax package, on top of easy money, will probably kick it over.

222

The wealthier a society, the less the income they spend on food, and less the income they spend on hard goods, and more they spend on services, ... That we have become more a service economy is not something to worry about.

192

In the past, the unemployment has been more blue-collar, and people laid off were more likely to be brought back when the economy picked up, ... This one has been more white-collar than ever.

179

I think even before Katrina I would have been through. I would have been arguing to pause, if I were still there.

155

As long as the growth is taking place in a slack economy, with a high unemployment rate and a low capacity utilization rate. That growth is not likely to be inflationary, and not much reason for us to worry about it.

151

Showing signs of resisting arrest.

139

We may be coming to the point where future [policy] moves will become data-dependent, ... We may still move in [a tightening] direction, but it won't be quite as automatic.

71