Anthony Chan Quotes
The manufacturing sector has turned the corner and improved, but it is not likely to push the economy to a level of growth that will make policy makers nervous or financial markets nervous [about higher interest rates]. It's steady growth, which is better than rapid growth that would likely be snuffed out by the Federal Reserve. 
Tweet
Manufacturing | Sector | Turned | Corner | Improved |
comments powered by Disqus
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.
- Anthony Chan
