51 Quotes by Bruce Steinberg

October job loss could easily be worse. The unemployment rate is headed for 6 percent, in our view.

I believe they are going to raise rates at least twice more after today.

For recovery to have any real oomph, capital spending will need to rebound. So far there are no signs of that, and we don't expect a turn until the first half of next year. So in the near term, the economy will probably remain soft enough to justify at least one more Fed move.

If the unemployment rate rises through July, as is entirely possible, the initial tightening will take place during the fall.

He is extremely optimistic on technology, its impact on productivity and the benefits it has to our economy. We believe Alan Greenspan does not see any burning need to further tighten policy, assuming the economy is slowing as it has been indicating so far.

Greenspan's testimony was balanced. We believe today's remarks were enough to think that the Fed will take a 'wait and see' attitude rather than ease one last time.

I think they may ease as soon as late January.

Larry Summers is a very capable guy. He's been Rubin's deputy for the last five years or so, and Rubin has been grooming him to take on the responsibilities of being the Treasury secretary.

Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery. Every $1 increase in the price of oil drains about $5 billion from the U.S. economy, if sustained for a year.