Twice last year, McTeer was the lone vote on the Federal Open Market Committee against raising interest rates. This year, he is not a voting member. Personally, I don't want to slow the economy down, and I don't want unemployment to be any higher than it has to be. I don't want inflation to flare up because low inflation is the healthiest environment. I think the best analogy is a race car driver.
Race cars have brakes.
Maybe that will be temporary. The trade deficit and the current account deficit are very, very large, and they pose a potential problem, but I don't see them as a problem yet. Because of the strength of the U.S. economy, we're importing more than we're exporting. But the attractiveness of the U.S. as an investment location is making foreigners more than willing to put in the necessary money to finance that trade deficit. Clearly, a lot of something, I guess it was air, has gone out of it.