What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.
More Quotes from Anthony Crescenzi:
It's time to trade out of investments whose success depends on a strong economy... for both stocks and corporate bonds.Anthony Crescenzi
They could have said there's a clear acceleration in economic activity currently under way, but it remains at risk of weakening or reversing, owing to the labor market and other factors. To leave it out completely doesn't make any sense to me -- it's as if they think the market's full of dummies.
Anthony Crescenzi
The Fed's about to cut rates, and they may cut more from a dearth of sellers than from a host of new buyers. Some people continue to make their bet on the possibility of a 50-basis point move. You see people buying to speculate on a larger cut...you're going to get closer to that meeting and you're going to find fewer sellers.
Anthony Crescenzi
In an environment where there is a lot of uncertainty, the short end will get the benefit. The bond is catching up to the strength on the short end.
Anthony Crescenzi
The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.
Anthony Crescenzi
The market has done part of the job, but this tightening is not yet substantial -- financial conditions are still near their loosest points in many, many years,
Anthony Crescenzi
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Based on Topics: Danger & Risk Quotes, Fear QuotesBased on Keywords: hedge-fund, quell
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