21 Quotes by Laurence Meyer

On the other hand, it's possible the first quarter's growth was just a one-time inventory rebound and that we're now stuck in a range of 1.5-to-2 percent growth. If that continues, it will be much like the early 90s,

If the Fed study is right, payroll employment would have to slow to well below that.

He didn't think about the economic world the way most of us do. It made it difficult for him to communicate. His model was fundamentally different from everyone else's. That is what we'll miss.

That appointment got people scurrying back to their probability tables for the next Fed chairman, thinking the net might be wider and the person picked might be less credentialed, and that got people nervous.

When the chairman made his recommendation at the start of the go-round, the game was up, it was over. Everybody knew what the chairman would be in favor of.

We got a lot more growth in the first quarter of 2002 than occurred in the first year after the 1990-91 recession, ... The economy grew near 4 percent in the first half of this year. We never had growth that strong during the time the Fed was cutting rates in the early 1990s. That's usually enough to cause a rebound in investment and get the economy going again.

It was the same policy message but with a little innovation in communication.

The staff and Don Kohn together are important sources of continuity, Kohn becomes more important.

The staff and Don Kohn together are important sources of continuity, ... Kohn becomes more important.