I remain more confident that the consumer will take great comfort in knowing that our government is truly taking care of business.
More Quotes from Anthony Chan:
This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.Anthony Chan
Certainly, we see some encouragement. We see an economy that's still weak... but not falling off the cliff. The notion that we're not going to have a recession is confirmed by these numbers.
Anthony Chan
We're probably going to see unemployment at 5 percent by the time this is over. The good news is, this is still relatively low compared to the past two recessions.
Anthony Chan
The unemployment number is the one Main Street looks at. This buys the Fed a little more time and allows it to hold true to its word that, until geopolitical risk lifted, no stimulus should be added to economy.
Anthony Chan
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)
Anthony Chan
We're still far from deflation, but not far from a deceleration in inflation, and that's why policy makers have to remain vigilant,
Anthony Chan
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