The chairman will likely tell the House Budget Committee that conditions are set for recovery.
More Quotes from Ian Shepherdson:
This testimony did not give the impression that he is in a great hurry to cut rates immediately.Ian Shepherdson
We expect a drop to 390,000 next week, but an even lower number cannot be ruled out,
Ian Shepherdson
He used the word 'pre-emptive,' which was the signal he used before the March 1997 rate hike.
Ian Shepherdson
Ignore the ISM at your peril, ... Assuming this report is not a fluke - everything we look at suggests it is very real - it is consistent with year-over-year GDP growth accelerating to 4 percent by the summer.
Ian Shepherdson
This report is stronger than it looks and is consistent with the industrial recovery gathering pace,
Ian Shepherdson
This is great news. These are very helpful numbers to those -- including us -- who think the Fed will not raise rates next month.
Ian Shepherdson
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