Joel Naroff Quotes
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Chair | Tested | Economy | Slowing | Rapidly |
If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.
- Joel Naroff
The tone of the statement, which I read as being surprisingly upbeat, considering everything we've heard, seemed to indicate that the whole idea that they might buy [longer-term bonds] is off the table... Unless we have real signs the economy is faltering, we may have already seen the bottom in mid-to-long-term rates.
- Joel Naroff