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Ethan Harris Quotes
You're not talking about a full-blown business-cycle recovery here, which is something like 6 percent GDP growth for a year... To get that, you'll need the whole economy operating in full-growth mode, and clearly the consumer isn't.
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Ethan Harris
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With inflation trending up, we believe the Fed will want to stay on the tight side of neutral for an extended period.
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Ethan Harris
Apparently the Fed's new policy of 'transparency' has taken the shock value out of monetary policy.
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Ethan Harris
Obviously we have a pretty weak economy and this was not unexpected. We knew they were going to have to revise it downward.
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Ethan Harris
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