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Letter "J" » Jan Hatzius Quotes
«At this point I would have expected more of a boost from lower oil prices. If you'd told me before the war that the military action would go as smoothly as it did and that Saddam Hussein didn't blow up his oil facilities, I would have thought oil prices would be lower.»
«They want to see how these first two rate increases go first. They are trying to straddle between not committing themselves to a third rate rise and not driving the stock market through the roof by saying they're done.»
«What will be nice, though it's unimaginable right now, is to start forecasting when they might be able to cut rates.»
«nothing suggests that the Fed is close to a change in interest rates, in either direction.»
«biggest pent-up negative wealth effect you can see in the economic data going back to 1952.»
«The message is pretty clear here: they are quite determined to keep going.»
«The consumer numbers are certainly more important than normal.»
«The September consumer confidence number on Tuesday is going to be pretty interesting. You could easily get a huge decline.»
«The chairman now sounds notably more worried than previously that house prices have risen too much and that the downturn could have a severe effect on the U.S. economy.»
«A year ago, it was not that difficult to predict six months in advance where they were going to be. That's going to be harder when you are at 5 percent and you think the economy is going to be weak enough to get them to cut rates.»