Jan Hatzius Quotes
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It's not plausible that capital spending has been weakened by the fact that multinationals are holding their funds abroad. I just don't believe that story.
- Jan Hatzius
Going forward, is there still adjustment in the pipeline? I think there is. The household savings rate is low, and debt growth has accelerated. That means that consumer spending growth is going to be slow. In the next 12 months, the economy is going to do well, but it will be a temporary acceleration rather than the beginning of a normal recovery.
- Jan Hatzius