Sung Won Sohn Quotes
We're looking for the wording of the Fed's statement to change in an encouraging direction. The economic numbers would argue for more optimism than caution at this point... My expectation is that this economy will be sizzling in the third quarter and hopefully in the fourth quarter, and that should lead to more jobs. 
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Wording | Statement | Change | Encouraging | Direction |
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The central bank runs the risk of raising the interest rate too fast. Historically, the central bank had overreacted to inflationary pressures, contributing to economic recessions.
- Sung Won Sohn
Employment gains really haven't come from full-time workers. They're coming primarily from part-time, temporary help... Businesses are still trying to maintain flexibility by not hiring more expensive, full-time workers. That might be one of the reasons why we're seeing an increase in continued claims.
- Sung Won Sohn