27 Quotes by John Lonski

Unless energy prices ease, the holiday shopping season will probably be mediocre at best.

The fact that oil is remaining above $40 leaves me all the more convinced that core CPI will continue to climb higher, that we're on the verge of having the annual rate break above 2 percent.

I don't think it's going to stop. It may be a fine opportunity to lock in a fixed rate that may prove to be relatively attractive historically.

If the government's so smart, then why haven't corporations done this a long time ago? Corporations have actually stepped up 30-year bonds because they think they will minimize borrowing costs over time.

What we have here is a dangerous mix of fast-growing debt and fast-rising unemployment that could quickly put the brakes on consumer spending.

He didn't give the impression that the Fed is panicking.

I think the bottom right now is perhaps about 5-3/4 percent and that is contingent on further weakness in East Asia that adds to uncertainty regarding the U.S. economy in 1998.

I think there's a very good chance we could see the Federal funds rate rise to at least 5.25 percent by year's end, ... If not up to 5.5 percent, which would be a complete reversal of late 1998's three-staged reduction.

I think this testimony is much more confident. His worry that the improvement will not be sustained is less pronounced.