392 Quotes by Anthony Chan
- Author Anthony Chan
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I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.
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He not only was articulate in his views, but justified his views without making financial markets balk. He was impressive, maybe not as impressive as Greenspan, but Greenspan had 18 years to practice.
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Although today's employment report provides little evidence of anything resembling a double-dip recovery, it does provide stronger support for the onset of a gradual to a moderate recovery in the months ahead.
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When you have a long road to travel, you don't take too many breaks. You just keep on going. We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here.
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- Author Anthony Chan
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I don't think this report guarantees a pause, but it doesn't stand in the way of a pause if the Fed feels it's something they should look at.
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We've fallen far short of prior economic expansions, ... We're about 5-1/2 million (jobs) short of where would be today if this were a typical expansion.
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For the moment the third quarter is probably going to be similar to what we saw the last three months -- probably between 250,000 to 300,000 new jobs every month,
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When the economy is creating 200,000 new jobs a month, we can tolerate $65 to $70 a barrel oil. It masks the impact on consumer confidence.
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Although the gain in real GDP came in somewhat below market expectations, the details of the report were much more favorable,
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