60 Quotes by Steven Wieting

The Fed has assumed that the weakness in the first quarter was temporary. This confirms that. The reasonable view was you don't have a one-third rise in energy prices without consequences.

If you can tell me where the next move in oil prices is going to be -- up to $60 a barrel or down to $20 -- I can tell you what the economy is going to do.

If you look at labor demand, you should be getting a decent trend. It was only June data that fell below that trend.

In some industries, there's no improvement and the economy is not going to help them.

If demand stays strong and productivity growth slows considerably, this could be a year that could be seen as heading towards traditional overheating of the labor market, with big employment gains,

However, a much larger drag seemed possible after the October surge, and a good portion of the rise will be offset by a gain in inventories in the quarter.