Ethan Harris Quotes
The Fed is going to take a cautious approach (because) they're worried about how the consumer will handle higher interest rates... We've had recovery nurtured on super-low interest rates. They don't want to shock the patient by withdrawing the medicine too quickly. 
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Cautious | Approach | Worried | Consumer | Handle |
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The number itself wasn't very surprising... (Federal Reserve Chairman Alan) Greenspan's comments last week that the trade gap might start getting smaller raised attention and some hopes. But I didn't agree with him about that.
- Ethan Harris
In an ideal world, three simultaneous gradual adjustments would happen. The U.S. eliminates the budget deficit, China revalues by 30 percent and China works to rebalance growth more to consumption and less to exports. Of course none of this will happen and the pressure for protectionism from Congress grows.
- Ethan Harris