The longer this goes on ... the more closely it resembles the inflationary push that we saw in the latter part of the 1960s.

The DVD burner, plasma screen TVs, digital cameras are the hot picks.

The effect of the strike will be to short-circuit momentum in the U.S. economy, but we are well positioned to absorb it,

By the end of the year, there will be some builders with some overhang of construction relative to demand, ... Now's the time when you'd hope everybody cools off a bit and moderates their building, but that's not human nature -- and it's not the way for homebuilders to make money in the near term.

In the aftermath of Katrina, the effect on the labor market from the fallout has been limited.

The consumer is not about to die on us, but let's face it, it's time for them to give a little slack to the business sector.

The Fed doesn't want to be dealing with the old economy, with deficits returning. They're trying to have some impact on decisions made now without getting us into permanent problems.

The Fed is willing to overshoot the mark. I want to underscore that we're catching up. We're getting the market back in line, but we're not going to see positive earnings from that until we get into the third quarter,

The Fed wants to see whether this July data, this bad economic data, was an aberration, and two months will make it clearer. If they see more instability in financial markets, they will take it lower.

The Fed will sit on its hands. There's really no reason to do otherwise. The economy's falling into place as the Fed thought -- it's in a soft spot, with some light at the end of the tunnel.