February 21, 2007: "I'm waking up less at night than I was [over the slowdown in housing]. So far, there's been remarkably little effect [from housing] on the rest of the economy."
- San Francisco Fed President Janet Yellen (Source: MarketWatch)
March 28, 2007: "At this juncture...the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained."
- Federal Reserve Chairman Ben Bernanke (Source: AFX News)
April 5, 2007: "The damage from the subprime market has been largely contained."
- Dallas Fed President Richard Fisher (Source: Dallas News)
April 20, 2007: "I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained."
- US Treasury Secretary Henry Paulson (Source: Reuters)
April 20, 2007: "We do see some stabilization of demand in the housing market ... there is some indication that the market could be bottoming out."
- Federal Reserve Governor Frederic Mishkin (Source: Reuters)
Nothing to see here, folks. It's all contained.
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