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Diane Swonk Quotes

What can the Fed do about WorldCom? This is not an interest rate problem. This is not something they should be involved with. I'm sorry, Wall Street, but you can't look to the Fed to save you when they don't have the tools to save you on this one. - Diane Swonk

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Worldcom | Interest | Rate | Problem | Involved |

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I think it does encourage flight to quality, temporarily, but actually I think once we get beyond this point, there is a deadline here, ... December 12th is a deadline out there looming not very long away, and I think that once we get beyond that point we really will see this as little more than a blip in the radar screen, as much as it seems like a major event in the moment for the markets. But it's not part of the fundamental economy. - Diane Swonk

Not only are retailers doing more with less, like every other large corporation, and taking advantage of six fewer days in the shopping season, but they are actually hiring less this holiday shopping season, so there's fewer people on the floors actually helping consumers out. - Diane Swonk

To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work. - Diane Swonk

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