Jan Hatzius Quotes

You've got seven quarters in which the homeownership rate basically has done nothing. It's fair to say that it's stagnating. - Jan Hatzius

While the official productivity data look impressive, alternative measures that are equally reasonable show a much more subdued picture. - Jan Hatzius

What will be nice, though it's unimaginable right now, is to start forecasting when they might be able to cut rates. - Jan Hatzius

What they're going to be aiming for is to leave open the question of whether they hike on March 28. - Jan Hatzius

What matters for our well-being is the net output -- remember, depreciation charges are not available for consumption -- per person in the overall economy, not the gross output per hour worked in the non-farm business sector alone. - Jan Hatzius

We will likely see some 'payback' for the blockbuster April report, which probably exaggerates the underlying job trend. (The latest) ISM index confirms that manufacturing employment has firmly entered contraction territory. - Jan Hatzius

We do believe that the U.S. housing market is a bubble in the sense that its contribution to consumer spending is unsustainable. Households have used a large share of the recent home equity gains to supplement their spending. When these gains dry up, as they ultimately must, spending is likely to weaken substantially. - Jan Hatzius

We continue to believe that the underlying drivers of productivity growth are turning less favorable. - Jan Hatzius

We are exhausting the pool of the unemployed and of otherwise available workers. - Jan Hatzius

This is probably one of the most important jobs reports that we have had in a couple of years. - Jan Hatzius

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