Ethan Harris Quotes

You've had obviously a rise in gasoline prices, which is the visible price in the economy... There's (also) a tendency of the public to look at the unemployment rate that actually rose in March, while Wall Street looks at payrolls (which showed a large jump in the number of people working.) - Ethan Harris

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. - Ethan Harris

You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line. - Ethan Harris

You want to get your house in place before financing costs go up. - Ethan Harris

You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter... From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed. - Ethan Harris

You don't want to force the new chairman to open his term by having to make a a 50 basis point rate hike. - Ethan Harris

You are seeing a nice rebound from the hurricane-distorted fourth quarter, with strength broadly based across the economy. - Ethan Harris

With inflation trending up, we believe the Fed will want to stay on the tight side of neutral for an extended period. - Ethan Harris

With few signs that consumer prices are about to break to the upside ... along with signs that aggregate demand remains robust, we expect the Fed will not only vote to keep rates constant, but will leave the growth and inflation bias statements unchanged. - Ethan Harris

Whoever is chosen, the new chairman will go through a proving period. - Ethan Harris

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