Jan Hatzius Quotes
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. 
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Rate | Increases | Straddle | Committing | Rise |
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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
