Given the strong fervor for doing something quickly to help the economy, given that Fed Chairman Alan Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.
More Quotes from Anthony Chan:
The job market is going to get worse -- this is a jobless recovery.Anthony Chan
Retailers won't make up the sales in two weeks, ... but over the next month they may make up at least half to three-quarters of the sales in the form of some discounting.
Anthony Chan
This will be a positive contribution to consumer confidence. It's too early to jump up and say things are completely turned around, but for the moment, it buys us more time.
Anthony Chan
It's a wake-up call. One quarter does not make a trend, but we have to be more on our guard.
Anthony Chan
Overall, this report is telling us that consumer spending remains somewhat hostage to the rise in energy prices, ... Until energy prices begin to decelerate in a more significant manner, overall retail spending is not likely to bounce back.
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
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Based on Keywords: half-percentage-pointI felt that the best I could do for my father, and the best I could do for myself, and my mother and my family was to stay open to the experience, and learn whatever I could at every step of the way as it was going on.
Patti Davis
Fate is written in the face.
Federico Fellini
Take care of your life and the Lord will take care of your death.
George Whitefield