The economy hit a brick wall in February and March. The risk of a recession is higher now than I thought it would have been six months ago. It's higher now than I thought it would have been six weeks ago.

Cary Leahey

Related Quotes

It takes pressure off the Fed to hike interest rates more dramatically [than a quarter point] in August or put together a more forcefully worded statement next week [at its monetary policy meeting].

— Cary Leahey

It takes pressure off the Fed to hike interest rates more dramatically [than a quarter point] in August or put together a more forcefully worded statement next week [at its monetary policy meeting],

— Cary Leahey

I don't see anything in the speech that is relevant to the near-term outlook.

— Cary Leahey

It's an impressive number. It just gives you more confidence that you'll get 4.0 percent plus (increases) in the fourth quarter and you'll hang in there through the first.

— Cary Leahey

The bond market doesn't really care about the payrolls data now because you're even getting the crazy question asked about whether the Fed can ease.

— Cary Leahey