Ethan Harris Quotes
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. 
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Subtract | Tenths | Percent | Quarter | Growth |
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Housing prices tend to turn very slowly, and that delays whatever impact they might have on the economy.
- Ethan Harris
They keep fiddling with the language, and the general tone of the directive keeps getting a little less dovish... Being 'patient' sounds a little less like they're keeping rates on hold than a 'considerable period' -- though you'd need to study a dictionary closely to figure that out.
- Ethan Harris