There's excruciatingly slow improvement in the labor market and no reason for the Fed to withdraw any of its accommodation, given the lack of job growth.
More Quotes from Dana Johnson:
They're a little disappointing if you're looking for a strong labor market, but nothing dramatic.Dana Johnson
We did have a stumble. It was related a lot to the hurricanes, and it's very clear that the economy is bouncing back nicely in the first quarter.
Dana Johnson
The doctor asked if I'm ready, ... I said yeah.
Dana Johnson
These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.
Dana Johnson
Affordability has deteriorated over the past year because consumers are buying more expensive cars, financing a larger portion of those purchases and paying higher interest rates on car loans.
Dana Johnson
The next two years are going to be a real watershed for them. They absolutely must demonstrate they can stabilize their market share, because cost-cutting is not enough.
Dana Johnson
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