15 Quotes by James Annable

There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.

I think investors underestimated (Fed Chairman) Alan Greenspan's sense of show business.

This will have less impact on gross domestic product growth than a good sized hurricane,

There is nothing that looks at the future capacity to have income as much as the housing sector, and the fact that this sector has held together as well as it has ... is indicative to me that consumers are feeling very good about their economic prospects and that they are going to continue to spend, ... Households are enormously confident and their wages are going up, and they've got income to spend. That's going to make it hard to slow down spending.

What the market's figuring out is the Fed is coming toward an end of this movement,

Everything was out of balance and part of figuring out where we are now is figuring out where we were and how many imbalances were built into the economy.

Once we read the speech we knew it would be a gradual increase, ... The Fed doesn't want to be aggressive without the smoking gun of inflation.

They simply don't want a recession. It's an insurance policy.

It really is a question of how well the public responds to this. If everybody wants to convert their deposits into cash, there's going to be a big demand for cash during that period. It's unnecessary .