4 Quotes by Stan Shipley

We think they'll sit on their hands and keep policy where it is, but keep in place the easing bias which says that, if the economy does sink again, they will ease more.

Something in-between is probably where we are. While the economy remains weak, inflation will gradually grind down. When the economy picks up, it's unlikely then that inflation will grind down further.

There's evidence that inflation isn't a problem and some anecdotal evidence that the economy is slowing, but I think we'll have to wait and see the employment report. Greenspan is going to wait to see those numbers before he makes any determination of what he'll do in November.

Higher mortgage rates that we have witnessed over the last six months are starting to temper demand for the housing sector.