It's important to stress that we do have some very good things going on in this economy, which Greenspan reiterated yesterday. What we should be thinking about is that this is a move that's designed to be a little bit preemptive to make sure that this rapid growth does not start resulting in higher inflation.
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This quote is just one of 9 total Stephen Slifer quotes in our collection. Stephen Slifer is known for saying 'It's important to stress that we do have some very good things going on in this economy, which Greenspan reiterated yesterday. What we should be thinking about is that this is a move that's designed to be a little bit preemptive to make sure that this rapid growth does not start resulting in higher inflation.' as well as some of the following quotes.
Whether it's 7 percent or 7.3 percent the point remains the same: Growth is really strong and what's obviously an issue is how long this going to continue and what are we going to see going forward for the first few quarters of 2000.
What it's all adding up to is an economy that's starting to show signs of slowing down. It's not happening very quickly but the earlier Fed rate increases are having an effect.
Greenspan is trying to be cautious by tapping the brakes ever so lightly, which I think will mean another quarter-point increase soon. This thing has so much momentum that, even though we've raised the speed limit, we're still going a little too fast.
The problem is not what's going on now; things are wonderful -- it's what could potentially happen in the future that the Fed and Greenspan are protecting us from. The economy is chugging along at a pace that's really exceeding the speed limit and that could cause some damage in the long run.
It just really puts an intense focus on all of the economic indicators going forward. I suspect that the reaction to those numbers is going to be enhanced from what it used to be.
This quote is just one of 9 total Stephen Slifer quotes in our collection. Stephen Slifer is known for saying 'It's important to stress that we do have some very good things going on in this economy, which Greenspan reiterated yesterday. What we should be thinking about is that this is a move that's designed to be a little bit preemptive to make sure that this rapid growth does not start resulting in higher inflation.' as well as some of the following quotes.