25 Quotes by Mickey Levy

Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.

The Fed is going to have a tough call. The economy is growing fast, but there is no wage pressure ... There are as many reasons for why (rates) should be on hold as why they should be tightened.

I'm more interested in how people spend than how they respond to surveys. I've found that the consumer sentiment survey really doesn't provide much value added in forecasting consumer spending patterns. I'm not too upset about the decline.

He spoke in detail about some fairly complex issues. The broader plan is to conduct monetary policy based on rigorous economic analysis and hard thinking about the economic concepts that go into the conduct of monetary policy.

The employment sector is looking like it's stabilizing. It will probably bottom out at 6.0 percent in the next few months.

Although a heightened degree of overseas job outsourcing is probably taking place, the phenomenon is likely exaggerated by newspaper headlines,

The economy continues to operate at a pace that is non-inflationary -- companies are able to keep their costs down, even with tight labor markets. What it clearly indicates is that the Fed will probably remain on hold through the rest of the year.