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Diane Swonk Quotes

I think this is clearly the Fed saying 'we're willing to take out an insurance policy, we're not willing to risk recession'. - Diane Swonk

Tags

Insurance | Policy | Risk |

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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

The Fed wants to see whether this July data, this bad economic data, was an aberration, and two months will make it clearer. If they see more instability in financial markets, they will take it lower. - Diane Swonk

I'm a little bit surprised there isn't a 'monitoring' component [in the Fed's statement]. They certainly left themselves open to ease further if they need to, but there's no urgency to it. - Diane Swonk

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