16 Quotes by Michelle Laughlin

Nearly unanimous. Nobody expects the Federal Reserve to move today.

His testimony today is so important because the markets, in the wake of his comments suggesting the Fed has shifted have gone so far as to price in an ease.

I think the Fed is in a wait-and-see mode so the market is going to be in a wait-and-see mode. We're going to wait until we can assess the impact of Asia.

There is a lot of speculation out there about what prompted the move. Some have said there may be another hedge fund blow-up out there.

This tells me the Fed is correctly looking forward, looking at the risk of consumers pulling back in spending because stocks have fallen. They're working in anticipation of that to make sure the U.S. economy does not slip into recession. I'm very encouraged by the Fed's action.

We are still seeing pockets of strength, and pockets of weakness, and while I don't think the Fed will move in December, I do think we will see further rate cuts in '99.

There's no sign whatsoever that strong (economic) growth is leading to higher inflation. The Fed is not going to upset the apple cart.

The Treasury is issuing $37 billion worth of additional supply and that's leading to some indigestion in the markets as well.

The thing yesterday for the first time in a long time was reduced risk-aversion...it was the reverse of the flight-to-quality.