Quotations
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Ethan Harris Quotes
«The Fed is trying to get us to stop listening to them and start listening to the forecast. If inflation picks up, and growth stays persistently above 3.25 percent, the Fed has more tightening [rate raising] to do.»
Author: Ethan Harris
«Clearly the economy still has plenty of momentum with a little hint of inflation risk in the background.»
Author: Ethan Harris
«You are seeing a nice rebound from the hurricane-distorted fourth quarter, with strength broadly based across the economy.»
Author: Ethan Harris
«Whoever is chosen, the new chairman will go through a proving period.»
Author: Ethan Harris
«What happened is that initially the market breathed a sigh of relief when the storm was downgraded to a Category 4 and missed New Orleans, ... they are starting to look at the damage more seriously. We are seeing further upward pressure on oil prices. People are starting to think about the many aspects of the destruction here.»
Author: Ethan Harris
«Usually the federal government takes a much more limited role in natural disasters.»
Author: Ethan Harris
«The retail sales report is a little bit misleading,»
Author: Ethan Harris
«We knew we would have a very weak number because of a collapse in auto sales after two big months in a row and the incentives kind of stop working ... But if you look at the rest of the report, every single major component was up. It was very broad-based growth across many components.»
Author: Ethan Harris
«At the national level, the Fed has to worry about the inflation implications of the storm.»
Author: Ethan Harris
«You don't want to force the new chairman to open his term by having to make a a 50 basis point rate hike.»
Author: Ethan Harris