35 Quotes by Wayne Ayers

There's already a lot of stimulus in the pipeline, and there's more to come. So there appears to be an ever-growing amount of fiscal stimulus, which means any recession will be fairly shallow.

At labor market turning points, the household survey does better because it picks up self-employed workers and others not reflected in the business survey. But I'm still not convinced the labor market is quite as strong as the household data say it is.

It's unclear what lower rates would do. If it's really true that productivity and structural changes are causing labor market weakness, it's not clear that another cut in rates would be helpful to the labor market.

They've got more room to move, and they will move. That's what they've always done in past recessions and what they'll do again.

Inventories are at rock-bottom levels -- even if economic growth slows in the fourth quarter, those inventories will have to be rebuilt, otherwise businesses risk losing business.

Certainly those auto incentives were helpful in giving us that growth in the fourth quarter. But we have to remember that even outside of autos, the consumers have really hung in there. I don't think it's entirely a fluke. I don't think it accounts for the ongoing strength of the consumer.

He's instantly recognizable in financial circles and has international stature.

You can't read too much into any one number, but it's a sharp rebound from the lows of October. Given that and a few other things, the bond market's more recent expectation is that the Fed, if it's not finished, is close to being finished.