Even though people thought this was a great opportunity to take the word 'measured' off the table, he didn't do that, ... It suggested that he was not at this point prepared to endorse the Fisher hypothesis. I think he's trying to make sure the Fed doesn't box itself in.
More Quotes from Anthony Chan:
The much weaker-than-expected rise in payrolls truly confirms the cautious demeanor expressed by various Federal Reserve policy officials.Anthony Chan
When we see a change in payrolls that is dominated by a glitch in the seasonal factor, no change in average hourly earnings and only a small gain in the length in the average workweek, we know that the message is encouraging but not exhilarating,
Anthony Chan
These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
Anthony Chan
Even though every investor out there is saying labor costs are picking up, companies have a way to be flexible. In theory, when the economy is doing well, profits do just fine even if labor costs increase.
Anthony Chan
If they were looking purely at the fundamentals, this number would not justify an immediate tightening. But if they were certainly looking for a political excuse to raise rates, these numbers certainly give them that right and, in fact, that license to do so.
Anthony Chan
Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .
Anthony Chan
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