It may be that the U.S. stock market starts to rise if people think it's gone far enough.
David WesselIf you don't have a set of principles that you can explain for what you are doing, then how can anybody know what you're going to do next?
David WesselIf the government can't get the economy moving again, they have a lot of fundamental problems.
David WesselI think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.
David Wessel