The Fed has identified consumer confidence as the most important concept right now. They are extremely worried that the problems in the stock market and the weakness in the manufacturing sector will lead to pessimism and lower spending.

Russell Sheldon

Confidence Problems Right

Related Quotes

Economic problems are half fundamentals and half confidence. For confidence to come back, you don't have to fix everything -- you just have to give the appearance of having fixed everything.

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In general we have confidence in the lab, ... There are some problems with it that have emerged through this report.

— Jamie Gorelick

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If there are any problems and you do get up here and go on too long, ... Then 'hello' to my little friend.

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There is a lack of confidence but there were not any fundamental developments at all.

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