Bruce Kasman
Bruce Kasman
Bruce Kasman is the managing director and Head of Economic Research at the United States financial services firm JPMorgan Chase and as of June 2009, head of the American Bankers Association's Economic Advisory Committee...
adjustment chairman confidence maintain message next pause recovery sector shift signal sound testimony thursday unlikely
Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent. He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.
criticize factor fed interest level low pushing rates shift signals towards understand
Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening.
arguing broad consensus data fed further gone group moves operating rising shows
There is no group arguing that the Fed has gone too far. There is a broad consensus that if the data shows rising operating rates, further moves will be needed.
clear report seeing signs turned
What we're seeing in the report is clear signs that manufacturing has turned. And I think it's turned pretty sharply.