Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.
More Quotes from Anthony Chan:
a level of optimism that was not dented as much as one would have expected by Hurricane Katrina.Anthony Chan
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias,
Anthony Chan
Investors will be intently listening to see if he says anything that clears up what the future monetary path is likely to be,
Anthony Chan
The job market is going to get worse -- this is a jobless recovery.
Anthony Chan
Neurodegenerative diseases like Huntington's disease are complex disorders that involve genetic defects and physiological changes including the death of neurons that lead to a wasting away of the brain, ... Because of their genetic and behavioral similarities with humans, transgenic nonhuman primate models will allow us to clarify the correlation between defects and neurological changes caused by neurodegenerative diseases.
Anthony Chan
Consumers at this juncture are fighting the forces of economic slowdown with patriotism, ... As economic conditions continue to deteriorate, this challenge will become greater.
Anthony Chan
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