Joshua Shapiro Raise Quotations

The Fed is not going to raise rates right away, even if the March numbers are really strong. They are going to wait until they get several months of very strong numbers, and for people to start really feeling that the labor market is improving before they raise rates.

If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.

The big question now is how much companies will be able to raise prices for finished products to offset the hit to profits from higher unit labor costs.

It's mighty difficult the closer you get to the consumer to raise prices, and that remains the case. There is a big debate out there as to how long can this continue.

I don't see the comments from these two representing a change in the Fed's policy. Everyone knows that rates this low can't last, but the same issues remain -- 'When do you raise rates? What is the right timing'?