Quotations
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Diane Swonk Quotes
«It was an extraordinary quarter for productivity growth. Katrina was expected to lop off growth and give us a crippled and less efficient quarter. Instead, it showed how remarkably resilient the U.S. economy was both in response to the hurricanes and the energy shocks that accompanied them.»
Author: Diane Swonk
«The minutes confirm the Fed is almost done (raising rates).»
Author: Diane Swonk
«It confirms that the Fed is almost done. Those looking for higher rates are not looking at the economy the same way as the Fed.»
Author: Diane Swonk
«My own view is that full employment is closer to 4 to 4.5 percent -- probably closer to the 4.5 percent range.»
Author: Diane Swonk
«We're more productive than we were in the 90s and frankly we didn't start hitting wage pressures in the 90s until about a 4-3/4 percent unemployment rate.»
Author: Diane Swonk
«Once you really start having bidding wars over people and you're willing to employ just about anyone who breathes, it's amazing what happens to the labor force participation rate.»
Author: Diane Swonk
«It's about the Fed being more communicative with the markets, ... won't just be walking into Greenspan's shoes.»
Author: Diane Swonk
«Steakhouses all of a sudden don't look so good, but people don't stop eating,»
Author: Diane Swonk
«By the end of the year, there will be some builders with some overhang of construction relative to demand, ... Now's the time when you'd hope everybody cools off a bit and moderates their building, but that's not human nature -- and it's not the way for homebuilders to make money in the near term.»
Author: Diane Swonk
«When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession? ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus.»
Author: Diane Swonk