You don't want to force the new chairman to open his term by having to make a a 50 basis point rate hike.
More Quotes from Ethan Harris:
They're adding to the intellectual firepower of the board of governors in terms of regulatory and financial markets issues, but initially they won't be important players in the monetary policy front.Ethan Harris
The Fed is going to have a bias to be very easy in terms of policy, not just in the next couple of months, but well into the future.
Ethan Harris
I'm not sure I believe the Labor Department. On Friday, there must have been a below-normal number of people applying for benefits.
Ethan Harris
The U.S. pointing to China is a bit like the pot calling the kettle black. The deficit with China reflects poor policy on both sides of the Pacific.
Ethan Harris
I think we know corporate profit growth can't stay at the rate we've seen in recent quarters. They (employers) have been squeezing the work force pretty aggressively, squeezing productivity out of workers and holding the line on wages. It's a matter of how much corporate profits slow down.
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
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