Ethan Harris Quotes

Nobody thinks the risk of inflation is equal to the risks of recession -- all indications are on the down side. The only way to rationalize this is that [Fed Chairman] Alan Greenspan wanted a half-point cut, and to get a unanimous decision, he had to go to a neutral statement.

- Ethan Harris

Tags

Thinks | Risk | Inflation | Equal | Risks |

comments powered by Disqus

Random

Coming after the energy shocks and Katrina, it's a remarkable spring-back. The economy seems to have an underlying resilience. - Ethan Harris

Rising rates could have a tremendous impact on slowing consumer spending. Consumer spending has been about 6 percent, when adjusted for inflation. Rising rates could bring it down to 2 or 3 percent. - Ethan Harris

Because growth is looking good and financial conditions are good, they'll keep moving up. But they're close to the end. - Ethan Harris