On the other hand, it's possible the first quarter's growth was just a one-time inventory rebound and that we're now stuck in a range of 1.5-to-2 percent growth. If that continues, it will be much like the early 90s,

On the other hand, it's possible the first quarter's growth was just a one-time inventory rebound and that we're now stuck in a range of 1.5 to 2 percent growth. If that continues, it will be much like the early 90s,

I expect the economy to rebound to above-trend growth. We just hit a soft spot in the second quarter, ... If it turns out that the economy continues to grow below trend ... if the data continue to be as weak as they have been in the past three months, with a sufficient rise in the unemployment rate, you can't rule [a rate cut] out.

It has been exciting with that type of growth and acceleration. We have had a few hiccups but not really growing pains.

It was a toast, not a roast.

When the chairman made his recommendation at the start of the go-round, the game was up, it was over. Everybody knew what the chairman would be in favor of.