19 Quotes by Paul Ashworth

The slowdown in the pace of job creation

As far as the Fed is concerned, payrolls growth is probably just about right -- not too hot and not too cold.

The bottom line is that a current account deficit of this unparalleled magnitude is unsustainable and there is no hope of it being resolved painlessly through higher exports alone. Instead it will require a big dollar depreciation alongside much weaker domestic demand for imports.

I do not expect core inflation to rise much above these levels. But were it to do so, this would seal the case for more rate rises.

This is all a bit of a puzzle, ... It will depend obviously on how quickly these areas can be repopulated, and also you've got the positive of reconstruction spending and the fact that that will create jobs.

The only uncertainty surrounding the decision is the wording of the accompanying statement and, in particular, whether the assessment that 'some further policy firming may be needed to keep the risks ... roughly in balance' will be dropped.

It is quite sensible for them to sit back and see where they are.

The jump in import prices will fan the new-found fears of inflation in the markets and at the Fed.

This is all a bit of a puzzle. It will depend obviously on how quickly these areas can be repopulated, and also you've got the positive of reconstruction spending and the fact that that will create jobs.