112 Quotes by Bill Cheney

This is simply what a recession is like. This report represents real people and real pain, especially around the holidays.

A lot of people must still be sitting on the sidelines. This kind of job growth will encourage them, but I don't see it sparking a surge in wage costs. We still have a lot more room for job growth before we have to worry about venturing into dangerous inflationary territory.

There really is no inflation problem right now, and there's certainly nothing in the pipeline, with the economy as weak as it is.

There really is no inflation at the wholesale level.

There must be some serious gains going on in either profits or wage rates. If it's going to profits, we should see more capital spending and hiring ahead, and if it's going to wages or lower prices, that should sustain consumption growth. Either way, it's good for the outlook.

It reflects that people mostly still have their jobs, still have their money and people are still buying houses.

It's too early to call a turn in the trend, so Alan Greenspan can't relax completely, but it's certainly the kind of report that will help him sleep better. There's still no sign of wage inflation and we seem to be heading for a soft landing: a smooth slowdown into sustainable non-inflationary growth.

It's another in the long series of the no-news-is-good-news story about inflation.

Considering the impact of the hurricanes and record heating bills last year, the economy continues to show remarkable resilience.