The second quarter is shaping up to be stronger than expected.

It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.

Your next European vacation is going to cost a lot more, and you’re going to see lot more European tourists running around New York.

We did see a bit of acceleration in wages. We were up 0.4 percent in January. That may be good news for the workers, but it is something that is going to make the Federal...

Your guess on where oil prices are going to go is as good as mine. It just depends on the Middle East and who knows what is going to happen there.

They like inflation where it is now. But they’re worried that it’s creeping up.

It is rather encouraging that the Fed is pointing toward a pause after the May hike. A lot of us were getting concerned that the hikes would continue into June and August. And one of...

People see energy prices going up and they get a little worried about what they can afford to spend money on.

I don’t know whether he’s going to have much input, but it would shock me if he didn’t have some. He’s talking to the people at the board who are writing this stuff and making...

The times they are a-changing.

We have a real savings shortfall.

That’s what people say but probably not what they do.

We expect the stock market to have another mild gain, sort of like it did in 2005. We’re looking for the market to up about 6% by the end of the year.

There is still no inflation out there.

The only inflation out there is energy.

We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking...

Consumers are spending their little hearts out. We are doing pretty darn good.

We can’t run econometric models. The numbers aren’t good enough.

The real question is not what he does, but what he says.

We’re expecting oil prices to continue to come down. They’re now about $60. We expect to be down around $50 by the end of the year.

We don’t seem to be having any trouble financing our large and growing trade deficits.

Back when the program was created, elderly people were dying because they had nothing to eat and no health care. Social Security has been incredibly successful at virtually eliminating poverty among the elderly.

In Japan’s case, back in 2003-2004, they feared the yen would drop too much in value and they intervened heavily in the currency markets. Then, Japan ceased intervening over the last year or so —...

I think the core trumps the energy prices. We know about energy prices and it’s an accident about when they collect price data during the month.

There is just no spare refining capacity around to deal with these losses. We don’t have any cushion.

I don’t think he wants the markets to start thinking about the things he might change. I think he wants to take it easy at first.

Consumer spending may slow down a bit more than thought. But, it won’t drive us into a recession – that would probably take oil going well over $100 a barrel.

Politically, I wouldn’t raise rates on the 20th. Raising rates when you are trying to recover from a disaster like this is sending the wrong message.