William C. Dudley quotes:

Every dollar that the boss did not work for, one of us worked for a dollar and didn't get it.

The Fed is on hold at least through the election but I think we'll get a little more tightening at the start of next year. I think, for the time being, we have a soft landing. But I think the reality is the stock market rally will probably add a little fuel to the economy and the tightening will return next year.