Jan Hatzius Growth Quotations

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.

We continue to believe that the underlying drivers of productivity growth are turning less favorable,

It's a moderate economic headwind, ... It takes a couple of percentage points off of the GDP growth rate, but it's not the sort of oil shock that would be required for a much more significant slowdown.

It's a moderate economic headwind. It takes a couple of percentage points off of the GDP growth rate, but it's not the sort of oil shock that would be required for a much more significant slowdown.

Economic growth will be pretty strong in the first half and then slow to below trend in the second half. It seems to me that the hurdle for going beyond 5 percent is still pretty high.