112 Quotes by Bill Cheney

With today's report, the odds of a negative quarter of GDP growth have increased substantially, and the chances of a full-fledged recession just went up -- perhaps approaching 50-50. Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.

With today's report, the odds of a negative quarter of GDP (gross domestic product) growth have increased substantially.

We're still several months away from job growth catching up with labor force growth and driving the unemployment rate back down, but that's really just a matter of time. Our economy is moving again, and once that happens it's actually quite hard to stop the forward momentum.

I'd say there's only a 25 percent chance of a rate hike in June even. Even with another strong jobs report Friday, they'll want to have something that looks more definitely like a trend.

We're still looking at job growth, but not enough to prevent unemployment from rising. If there were no special factors explaining this, it would be a rather dramatic piece of news.

The fact that prices have come down makes people feel better and they think the future looks better.

I don't think we can discount the legitimate concern that the Fed has been pumping too much liquidity into the economy. It may be that they have to backpedal furiously as the economy starts to recover. Inflation has been down for so long, it may be hard to imagine it ever getting back up -- but you better believe it still can.

I don't think the Fed is under pressure to raise rates faster than they have been but I think they'd be crazy to think that they should be done tightening.

We have solid job growth, but no significant inflationary pressures.