15 Quotes by Ed McKelvey

Whenever you have a collapse in a particular output price -- and we certainly saw a lot of that following Asia's decline -- it places a lot of pressure on companies to deal with keeping their revenues up. In that context consolidation isn't a big surprise.

Movements in the unemployment rate will tell Fed officials whether growth is absorbing unused capacity.

It defies common sense and lots of careful research to think that the highest-rated credit on the planet can borrow half a trillion dollars a year without pushing aside some private investment and ultimately hurting productivity growth.

The prospect for price improvement depends on the performance of the Asian and European economies, who are big users of metals, and the prospects are getting better. There's still a lot of uncertainty there, but relatively speaking the signs are fairly encouraging.

We see sturdy hiring as a factor that continues to support U.S. economic growth.

At the margin they reinforced our growing sense that Fed tightening might stop before the federal funds rate reaches the 5 percent level we are currently forecasting.

Fed officials do not want to risk overreaction by the markets. This would undermine financial conditions at a time when the Fed needs growth to stay above its potential rate.

Fed officials do not want to risk overreaction by the markets, ... This would undermine financial conditions at a time when the Fed needs growth to stay above its potential rate.

Seen in this light, ... the employee discount program was an enormously successful marketing coup.