The easing the Fed has already done has had a focused and limited effect, mainly on sales of homes and automobiles. It's not clear another rate cut will have much effect. I think fiscal easing is more effective at this point; it more directly puts money in people's pocketbooks. - Edward McKelvey Quotes
The easing the Fed has already done has had a focused and limited effect, mainly on sales of homes and automobiles. It's not clear another rate cut will have much effect. I think fiscal easing is more effective at this point; it more directly puts money in people's pocketbooks. Edward McKelvey
 Sales

More - Edward McKelvey Quotes

Trade is a drag (on growth) and that tends to hit manufacturing harder than the rest of the economy. - Edward McKelvey Quotes

Trade is a drag (on growth) and that tends to hit manufacturing harder than the rest of the economy.

Edward McKelvey

 Economy
The inflow into that group [of continuing claims] is not as big. The outflow is problematic. - Edward McKelvey Quotes

The inflow into that group [of continuing claims] is not as big. The outflow is problematic.

Edward McKelvey

 
The inflow into that group [of continuing claims] is not as big, ... The outflow is problematic. - Edward McKelvey Quotes

The inflow into that group [of continuing claims] is not as big, ... The outflow is problematic.

Edward McKelvey

 
The easing the Fed has already done has had a focused and limited effect, mainly on sales of homes and automobiles. It's not clear another rate cut will have much effect. I think fiscal easing is more effective at this point; it more directly puts money in people's pocketbooks. - Edward McKelvey Quotes

The easing the Fed has already done has had a focused and limited effect, mainly on sales of homes and automobiles. It's not clear another rate cut will have much effect. I think fiscal easing is more effective at this point; it more directly puts money in people's pocketbooks.

Edward McKelvey

 Sales
Clearly they think the basis for a recovery is still quite fragile. They're probably still thinking in terms of one more step of easing. [Wednesday's] numbers won't greatly change the calculus. - Edward McKelvey Quotes

Clearly they think the basis for a recovery is still quite fragile. They're probably still thinking in terms of one more step of easing. [Wednesday's] numbers won't greatly change the calculus.

Edward McKelvey

 
It would be minimal, - Edward McKelvey Quotes

It would be minimal,

Edward McKelvey

 
Is the market concerned about it? Yes. Is it a significant concern? I doubt it. - Edward McKelvey Quotes

Is the market concerned about it? Yes. Is it a significant concern? I doubt it.

Edward McKelvey

 
The really surprising thing is the lack of inflation given this kind of growth. - Edward McKelvey Quotes

The really surprising thing is the lack of inflation given this kind of growth.

Edward McKelvey

 Growth
In our view, the financial markets are much too complacent about what a decision to keep tightening means at this juncture. - Edward McKelvey Quotes

In our view, the financial markets are much too complacent about what a decision to keep tightening means at this juncture.

Edward McKelvey

 
If under these circumstances the F.O.M.C. is prepared to keep going, then this means that the committee is more worried about the longer-term risk of higher inflation than the shorter-term risk of a collapse in growth. - Edward McKelvey Quotes

If under these circumstances the F.O.M.C. is prepared to keep going, then this means that the committee is more worried about the longer-term risk of higher inflation than the shorter-term risk of a collapse in growth.

Edward McKelvey

 Circumstances
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