We've reached the point where employers need to start hiring again, but productivity growth will stay strong, so they can meet some of their increased demand with productivity improvements. That means hiring will be slow and the unemployment rate will stay at about 6 percent for another year and a half or so.

Gus Faucher

Growth Productivity Will

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Katrina will weigh on growth in second half of this year and we'll make most of that back first half of next year,

— Gus Faucher

You will see more wage growth. The productivity numbers have been so good and the margins have been so good we can easily afford more wages.

GrowthProductivityWill

We are moving into that phase where we expect that wage growth will catch up and take productivity over.

— Edward Lazear

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Inflation remains under control. We're concerned of inflationary pressures developing in the economy, but they're not here now. They may be here a few months down the road, but they're not here yet.

— Gus Faucher

ControlEconomyInflation

This (next appointment) could be the one who tips the balance. If Bush nominates a strong proponent of inflation targeting, it would be a signal they want (that).

— Gus Faucher

BalanceInflation