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Letter "C" » Charles Lieberman Quotes
«These kinds of numbers are wonderful,»
«As productivity slows, wage costs tend to rise -- one has an inverse relation to the other.»
«Fundamentally, the economy has not slowed as investors had hoped or the Fed requires. It puts a tightening in August back on the table.»
«That's the time when a big number is most likely, mainly when we're coming out of a recession. At this stage of the business cycle, to be getting a 5 percent growth rate in productivity for a year is really very impressive.»
«As long as the productivity numbers are very good, the higher wage gains can be offset by higher productivity gains,»
«It is very difficult to explain sometimes why it is important to keep things in moderation, why it is crucial for the Fed to be vigilant against inflation. What people have to remember is that the economy cannot grow in excess forever without causing problems, without stirring inflation and other issues.»
«These numbers are outstanding, ... Inflation still remains very well behaved.»
«Had this number been very high, the markets would have been quite confident the Fed would raise rates. The real question is whether they are going to pull the trigger on interest rates again, and my answer is no.»
«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.»
«When a doctor administers medicine, he or she makes a judgment about the appropriate dosage in advance. The Fed has to make that judgment, but there's a chance they've already given out the right dosage and just need an appropriate amount of time for it to take effect.»

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