He's saying so far there is sufficient flexibility that we can tolerate a higher deficit than we could 10 years ago. He didn't say ignore it.
More Quotes from Anthony Chan:
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.Anthony Chan
There seems to be no plan or inclination to stop the hikes.
Anthony Chan
If housing is starting to weaken and manufacturing is not turning around, obviously it spells trouble for the economy.
Anthony Chan
If we see strong average hourly earnings, that would be bad for stocks and bonds because it puts the inflation bogey-man on the front burner.
Anthony Chan
We may want to wait for another month or so to be sure that such gains were truly reflective of a upward trend and not just a possible distortion arising from the temporary 'hurricane-related' loss of many lower-paying service sector jobs,
Anthony Chan
Benefit costs went up because of medical care costs, ... not firms trying to wow employees. They're not wowing employees. Look at the layoff data.
Anthony Chan
Readers Who Like This Quotation Also Like:
Films must all have the same structure. All of this to guarantee box office bonanza, which of course it never does, but that's another discussion entirely.Dirk Benedict
It's to surprise people about something that is extremely well known. I mean human reproduction, the human body, nature and so on. To surprise them with a new technique.
Lennart Nilsson
It is pure illusion to think that an opinion that passes down from century to century, from generation to generation, may not be entirely false.
Pierre Bayle