David Kelly Quotes

What the Fed says is more important than what they do.

- David Kelly

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Nothing about what they said today is surprising -- they changed the minimum number of words (from their last statement). We're still waiting for confirmation (of a recovery in) the labor market. - David Kelly

The reason spending dropped in January was a big fall in auto sales. I don't think this tells us much that's new -- it's consistent with an economy still growing in second or third gear. - David Kelly

A lot of American businesses are still fighting the last recession as opposed to gearing up for the next expansion. That process could take a few months, so we could still see some ugly numbers from the labor market for another month or two. - David Kelly