Charles Lieberman Economy Quotations

Fundamentally, the economy has not slowed as investors had hoped or the Fed requires. It puts a tightening in August back on the table.

I think there's been a slowdown in economic activity, but I don't think it's been an adequate slowdown and I suspect it might be temporary. There isn't a lot of evidence yet to indicate that the economy is slowing notably.

Overwhelmingly, I think the stock market is taking the view that the economy is doing well despite the rise in interest rates, and they clearly don't think that however much interest rates go up, that it is going to impair growth, or impair profitability.

We continue to see very rapid economic growth which has been a problem for the Fed all along. We have not seen a material increase in labor costs and that's what I think is going to be the ultimate problem in the economy somewhere down the road, though clearly it's not imminent.

Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession, so inflation pressures are relatively soft right now. It will take a while of solid growth before we have upward pressure on inflation, so the Fed can be a little relaxed about it.

The economy is doing a lot better than people recognize and therefore, the Fed may have to hike rates more than they expect. The equity market is fighting the Fed.

The economy is still growing above trend as evident by erosion of the unemployment rate and the low level of unemployment claims.

There is this simplistic notion around that because the yield curve is inverted, therefore, economic growth is going to slow down, but ... no consideration is given as to why the economy would slow down.

This is a very strong report, ... The economy clearly is growing too strong and it's not going to stop on a dime, which is not very convenient to suit the Fed's needs and to meet the stock market's needs.

This is a very strong report. The economy clearly is growing too strong and it's not going to stop on a dime, which is not very convenient to suit the Fed's needs and to meet the stock market's needs.