Wayne Ayers Quotes

At labor market turning points, the household survey does better because it picks up self-employed workers and others not reflected in the business survey. But I'm still not convinced the labor market is quite as strong as the household data say it is.

- Wayne Ayers

Tags

Labor | Market | Turning | Points | Household |

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I think their desired stance is to stand pat for an extended period of time rather than cut rates, unless they are confronted with an external shock to the global financial system. - Wayne Ayers

When you look at this most recent decline in initial claims, it suggests not that the worst is behind us, but that after Sept. 11, unemployment telescoped. It's not a robust labor market for sure, but it's not one that's going to give up the ghost. - Wayne Ayers

I don't think we've seen anything that will change the Fed's mind. The Fed has said all along it expects to see a stronger economy. But, even as the economy strengthens, deflation risks are still there; there's still a case to be made for a 50-basis-point cut. - Wayne Ayers