September was a month where we thought there was a tremendous amount of weather impact,

In some industries, there’s no improvement and the economy is not going to help them.

It’s very unlikely for Fed to worry about month to month data changes, or even two months, as the markets do.

At worst it’s a wash-out, … I don’t think the fears or the benefits of the dollar’s fall are really quite as much as they’re cracked up to be.

The fact is orders just hit a wall in June and July.

If you can tell me where the next move in oil prices is going to be — up to $60 a barrel or down to $20 — I can tell you what the economy is...

Year-end financial markets can be difficult, and winter economic data is difficult to read, … It makes more sense that December will be month they skip. You don’t want to be raising rates into what...

Beneath the surface, production and inventory, here and abroad, are moving up faster than the rate of demand growth,

It’s more of a victory lap. Literally a month ago people were arguing that prices would not stop going up. Now, data we would have killed for two years ago is seen as the end...

It comes down to a political choice, … whether this is the kind of thing where you happily wait and continue unemployment insurance in the hope that certain industries bounce back cyclically, or you accept...

[By his lights it didn’t make sense that stocks were unable to hold onto most of their gains Tuesday, finishing the day roughly flat after a jump early on.] The reaction to this data in...

There are several large drags, in a statistical sense. The underlying condition is that we’re probably losing jobs. But the February and March data are not indicative of how bad it really is.

Benchmark revisions could completely recast underlying data, in which case January forecasts won’t be useful.

There’s no reason for utter despair, but this looks like a big exaggeration.

If you look at labor demand, you should be getting a decent trend. It was only June data that fell below that trend.

That kind of decline is a perfect fit with what we’ve seen in the household survey’s measure of employment, … if not in February, then in future benchmark revisions.

This [gain in proprietors’ income] is small-business job creation, we think, and it’s more useful at this point in the business cycle than it would otherwise be.

Freeing up less productive resources by accomplishing more with less is the entire basis for rising living standards. It shouldn’t come as a surprise that stronger periods of economic growth have generally begun during periods...