Edward Mckelvey Quotes

We had expected an upward revision in the second-quarter G.D.P. estimate on the basis of other recently released data... but trade kind of goes in the opposite direction. - Edward McKelvey

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

This is a confirmation that weather probably was a factor holding up activity [in November], but underneath the surface, the setback in December isn't even what it looks like. What I'm calling attention to specifically is the fact that single-family starts actually rose about 3.6 percent, while all the setback was in multi-family units. - Edward McKelvey

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

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

The data suggest the pace of unemployment's rise is lessening... They don't tell you you'll get a turnaround, but they're encouraging. - Edward McKelvey

It would be minimal. In a broad perspective, we shouldn't really be looking for a tremendous slowdown. - Edward McKelvey

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

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

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