Bill Cheney Next Quotations

Next week's employment report will be a much more important piece of new information.

There is a perfectly good chance they will pause at the next meeting.

I think it's totally a blip. I expect to see pretty healthy growth in 2006. We'll be back to 4 percent next quarter.

Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.

The inflation threat has receded yet again. I can't see the Fed moving now at least until early next year. They have almost no evidence of inflationary pressures and there are hints that the economy finally is slowing.

If even 5 to 6 percent GDP growth isn't enough to get any net hiring, then the risks rise that the stimulus from the tax cuts and defense spending could produce a one-time boost that will fizzle out next year.

All the evidence on consumer confidence would tell us that all spending on big-ticket items is liable to plummet in the next month or two.