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. 
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Quarters | Homeownership | Rate | Basically | Fair |
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A year ago, it was not that difficult to predict six months in advance where they were going to be. That's going to be harder when you are at 5 percent and you think the economy is going to be weak enough to get them to cut rates.
- 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