Anthony Chan Signs Quotations

While job losses may be ebbing, we have yet to see any signs of outsized hiring. This will not come ... until we transition from a slow-growing expansion to a normal economic recovery.

Given the signs of recovery in the manufacturing sector, that won't bring the economy to its knees, but it will ensure that this will be a moderate rather than robust recovery.

There is a lot of pain, and if anything these statistics are understating the pain, ... At the same time the economy is showing some potential signs of improvement, you're not finding a lot of firms offering jobs.

This gives the Fed license to continue executing monetary policy. If they see any signs of slow growth in employment, industrial production, or retail sales, they certainly have the green light to make another cut. They have total flexibility to do whatever it takes to prevent a recession.

This action really reveals the Fed's excitement with the emerging signs of economic growth we're seeing.