The ... numbers feel surprisingly weak, compared with the recent macroeconomic news flow, ... The survey makes us more comfortable with the view that capital spending growth over the next few quarters will remain relatively moderate by the standards of past recoveries.
More Quotes from Jan Hatzius:
While the official productivity data look impressive, alternative measures that are equally reasonable show a much more subdued picture.Jan Hatzius
I'm not sure which form it will take -- maybe a lengthy period of subdued consumer spending or something more violent than that. But it's clear to me that households cannot continue to save 3 percent of their disposable income and grow debt at 10 percent per year.
Jan Hatzius
Some slippage in other categories is probably due given very strong gains in recent months.
Jan Hatzius
It makes sense they would make it a little more open, just because the next meeting is still pretty far away, and when you have a new guy coming in you want to give him as much wiggle room as possible.
Jan Hatzius
The consumer numbers are certainly more important than normal.
Jan Hatzius
Income figures ... were surprisingly low for December given the strong gains reported for the fourth quarter on Friday and the likelihood that bonuses would have boosted December gains.
Jan Hatzius
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Based on Topics: Past QuotesBased on Keywords: recoveries
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