The Fed is fully aware that a slowly recovering economy needs to be nursed carefully back to health before the doctor sends the patient home.
More Quotes from Anthony Chan:
Weaker consumer confidence threatens to reverse the course of the recovery. That's why policy makers will be so cautious. They don't really have to worry about the economy's fundamentals, but they do have to worry about confidence.Anthony Chan
If housing is starting to weaken and manufacturing is not turning around, obviously it spells trouble for the economy.
Anthony Chan
This report is actually quite favorable for financial markets since we see very little inflation pressure while simultaneously seeing job creation inching up,
Anthony Chan
The equity market wants someone who controls inflation, but not to the point where they go overboard.
Anthony Chan
The prospects of 4 percent real GDP growth (or possibly more after future data revisions) during the third quarter are back on the table.
Anthony Chan
The GDP doesn't take into consideration loss of wealth, ... It's affected by jobs and productivity.
Anthony Chan
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Even though this is late in an election year, there is no way we can go forward except together and no way anybody can win except by serving the people's urgent needs. We cannot stand still or slip backwards. We must go forward now together.
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