After all, the Fed will slow QE according to its view of how the economy progresses.
The chief financial officer, Richard Goodman, said no more job cuts were planned, but it "depends on how the economy progresses".
As the economy progresses and national income grows, new institutions enter the financial picture to direct the mounting volume of savings into productive outlets.
This is the key quote: "As the economy progresses, the time to normalise interest rates is edging closer, it's coming closer.
This is Metro Manila … By 2020 there will be a change in terms of infrastructure and how the economy progresses in Metro Manila.
While Mr. Steinke said that retailers occasionally delayed shipping for as long as possible to see how the economy progressed, he said they usually gave transportation companies a heads-up if they were planning a lot of last-minute orders.
Japan's government, at its best, understands this role better than anyone including the point that nations pass through stages of competitive development and that government's appropriate role shifts as the economy progresses.
A popular model of economic growth developed by Robert Solow, one of Piketty's former colleagues at M.I.T., purports to show how the economy progresses along a "balanced growth path," with the shares of national income received by the owners of capital and labor remaining constant over time.
"If the economy progresses about as the [Fed] expects, warranting reductions in the pace of purchases at each upcoming meeting, this final reduction would occur following the October meeting," the Fed said in minutes released Wednesday from its June policy meeting.
On interest rate hikes, she's leaning toward pausing for a while to see how the economy progresses, a view that many of her Fed colleagues have also articulated in recent days as uncertainty has risen about the markets, trade and the government shutdown.
