The way to look at it is that demand is very strong and there is a slight moderation in the rate of growth.
More Quotes from Mickey Levy:
After a couple of false starts, the past couple of months does have the feel of a more traditional recovery, driven by consumer spending and housing. The follow-through is the business response.Mickey Levy
I expect employment to increase, but I also expect the unemployment rate to remain pretty high. We'll get the rate lower, but it will take time.
Mickey Levy
We're going to see that number borrowing from construction employment increases in the coming months, but even if you take out the huge increase in construction, you still have healthy gains throughout all the labor markets,
Mickey Levy
Production and employment always follow demand, and we've seen a pickup in demand. I think this will translate into a better labor market in May or June. I know the employment reports have been disappointing lately, but be patient.
Mickey Levy
He spoke in detail about some fairly complex issues. The broader plan is to conduct monetary policy based on rigorous economic analysis and hard thinking about the economic concepts that go into the conduct of monetary policy.
Mickey Levy
But what's been holding the markets back from jumping in more fully is the turnaround in corporate profits and cash flows, ... Secondly, it's just confidence that we're coming out of this recession and that product demand will be increasing.
Mickey Levy
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