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Letter "A" » Anthony Chan Quotes
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«With the rise in the unemployment rate, it is hard to conclude that the labor market is anywhere near out of the woods.»
Author: Anthony Chan
«As the economy gains traction, we'll have demand increasing. And if we have supply contracting, it's a deadly mix. We will end up stunting any potential recovery.»
Author: Anthony Chan
«Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.»
Author: Anthony Chan
«Despite the fact that the unemployment rate remains low relative to prior economic downturns, the burden on the unemployed population has been the most severe, by one measure, since at least 1972.»
Author: Anthony Chan
«The good news is that if so many people are entering the labor force it must mean that they are perceiving an improvement in the economy's prospects, ... The bad news, however, is that if too many people become optimistic about their job prospects, then the unemployment rate will continue to push higher. And the higher unemployment rate does have a damaging impact on consumers. They see it and they think, 'I shouldn't be spending money.' That's one of reason the unemployment rate is so important. It's the one that drives what happens on main street.»
Author: Anthony Chan
«We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.»
Author: Anthony Chan
«The Fed is fully aware that a slowly recovering economy needs to be nursed carefully back to health before the doctor sends the patient home.»
Author: Anthony Chan
«Anything that causes people to spend more time thinking about what they do will clearly have an impact on productivity. The good news is this is not a permanent situation -- these things have a way of clearing themselves up. But will it be completely inconsequential? I don't think so.»
Author: Anthony Chan
«Wages have stagnated over the past couple of years; employers have no incentive to change wages. Eventually we will see incentive packages moving more closely in line with growth in the economy, but it's not going to happen soon.»
Author: Anthony Chan
«When the economy is booming and you want to hire new workers, you have to attract them with money. Today, all you have to offer is a job.»
Author: Anthony Chan
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