Dana Johnson Fed Quotations

Knowing what I know right now, I think the Fed will probably tighten again,

People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.

I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.

I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.

What we're spending our time debating is whether the Fed goes a quarter point or a half point.

Deflation is not a risk the Fed should take, ... If you ask me, should they ease, yes they should.

The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.

There's excruciatingly slow improvement in the labor market and no reason for the Fed to withdraw any of its accommodation, given the lack of job growth.

It was a very disappointing report. It clearly pushes the timing of a Fed tightening further into the future. We're now calling for a Fed rate hike in the fourth quarter of 2004 instead of in August.