Quotations
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Bruce Steinberg Quotes
«Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery. Every $1 increase in the price of oil drains about $5 billion from the U.S. economy, if sustained for a year.»
Author: Bruce Steinberg
«As the job market gradually improves, it should easily support consumer-spending gains of at least 3.5 percent this year.»
Author: Bruce Steinberg
«If the unemployment rate rises through July, as is entirely possible, the initial tightening will take place during the fall.»
Author: Bruce Steinberg
«The stronger [the] productivity, the more likely profit margins are to widen, and [there's] less inflation pressure.»
Author: Bruce Steinberg
«This report provides the first indication of the state of capital spending in the second quarter, and the data were quite strong.»
Author: Bruce Steinberg
«We believe [Thursday's] remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.»
Author: Bruce Steinberg
«The economy is doing better than anyone three or four months ago thought it could do. While 1.4 percent growth is pretty feeble, it does mean the recession was, from a GDP perspective, the mildest one we ever had.»
Author: Bruce Steinberg
«Greenspan's testimony was balanced. We believe today's remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.»
Author: Bruce Steinberg
«The economy is doing better than anyone three or four months ago thought it could do. While 1.4 percent growth is pretty feeble, it does mean the recession was, from a GDP perspective, the mildest one we ever had.»
Author: Bruce Steinberg
«The economy was moving like a rocket in the first quarter. GDP probably rose at a 4.5 percent rate. It's a little faster than I thought earlier, primarily because even though demand was enormously strong in the first quarter, there was actually a pretty considerable case of inventory building.»
Author: Bruce Steinberg