If the hurricane does not derail the expansion, then against the backdrop of continuing strong domestic demand growth and fiscal policy becoming expansionary, monetary policy will have to become much less accommodative.

Kathleen Stephansen

Related Quotes

At the end of the day, we are seeing a bit of a softening in forward momentum.

— Kathleen Stephansen

The Fed will continue to raise interest rates. We think they will do so twice more.

— Kathleen Stephansen

The inflation outlook remains very, very comfortable and certainly based on these numbers the Fed should feel very much at ease with current monetary policy.

— Kathleen Stephansen

At the moment, post-hurricane, we have to view fiscal policy as being turned to be even more pro-active than before,

— Kathleen Stephansen

You are seeing a major price correction, and it is being blamed on anything you see, including ... inflationary pressures.

— Kathleen Stephansen