David Orr Quotes

The more stable picture in the total index and the lessening pace of decline in orders would fit with the idea of a 25-basis-point (0.25 percent) reduction on May 15 instead of the more aggressive 50-basis-point (0.5 percent) (cuts) of recent months.

- David Orr

Tags

Stable | Picture | Total | Index | Lessening |

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What they [Fed officials] and we are concerned about is the 'staying power' of [consumer] spending in 2002. In particular, there is room for a large decline in motor vehicle sales in the January retail sales report. - David Orr

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Initially, we estimated the number of people in need was about one million and we had reached about 50 percent of them. We've had a food security team in the field and they've revised the estimate up quite dramatically. - David Orr