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Anthony Chan Quotes

«The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias,»
Author: Anthony Chan
«Inflationary pressures are starting to percolate --and the Federal Reserve is going to react to this,»
Author: Anthony Chan
«I think the markets probably overreacted when the Federal Reserve first moved toward a neutral operating directive, ... When Alan Greenspan spoke this time, I think the reality set in and that is, yes, the central bank has a neutral directive, but it's more like an ultra-right (hawkish) form of neutral directive. ... Any time they get an excuse to raise rates, they're going to take it.»
Author: Anthony Chan
«What this does is basically vindicate Greenspan's policy,»
Author: Anthony Chan
«There's always that danger that the Fed gets impatient here, ... But I think that most of the Fed governors today feel that gradualism is the best policy, because if they err on the side of doing too much, the price of being wrong is not so high.»
Author: Anthony Chan
«Benefit costs went up because of medical care costs, ... not firms trying to wow employees. They're not wowing employees. Look at the layoff data.»
Author: Anthony Chan
«One thing to keep in mind is that [Challenger's] numbers are not seasonally adjusted. Therefore, when you make comparisons, you really have to make them on a year-to-year basis,»
Author: Anthony Chan
«My suspicion is that the dollar will remain relatively strong because, even if the ECB starts lowering rates, they've got a lot of catching up to do, ... The prognosis for the dollar remains cautiously optimistic.»
Author: Anthony Chan
«Clearly when you speak of an economic slowdown, you usually talk of an unemployment rate that is much, much higher. This environment is just not right for a recession,»
Author: Anthony Chan
«Consumers at this juncture are fighting the forces of economic slowdown with patriotism, ... As economic conditions continue to deteriorate, this challenge will become greater.»
Author: Anthony Chan