Growth is likely to be lower in '98 than it was in '97. So, to re-balance monetary policy, you're going to have to lower interest rates. The question is by how much? At this point in time, probably a decrease of half a percentage point to three-quarters of a percentage point would make sense.

Matt Alexy

Related Quotes

There was a bit of a run over the last few minutes of trading. It was a market response to the announcement of the Russian rescheduling. There was a lot of confusion about those details.

One of the things he has begun to do, and continues to do, is focus on Asia. The stock market is going to be stable, you are not going to be able to have high-powered growth.

Non-comps are a very small part of the overall auction, of course. There was no sloppiness in the market.

Everything is going down: the price of the dollar, the price of stocks, the price of bonds.

— Matthew Alexy

The bond market is very excited about this inflation data.

— Matthew Alexy