146 Quotes by Ethan Harris

But the obvious effect is on utility consumption, which will affect industrial output in the economy. People consume more electricity, that places more demand on natural gas, coal, power, and electrical systems.

The indicator that economists use to predict the housing market is the affordability index -- the ratio of monthly income to monthly mortgage payments. As the economy picks up, the typical family's monthly income will slowly accelerate, but the monthly mortgage cost is quickly jumping, much faster than income could possibly move.

While the Fed is more than one person, Mr. Greenspan's retirement means less confidence in the Fed, with somewhat greater risk of both financial market instability and inflation.

The idea that the recovery has started has been clearly confirmed. But there's no way to know the sustainability of the recovery.

You are seeing a nice rebound from the hurricane-distorted fourth quarter, with strength broadly based across the economy.

You want to get your house in place before financing costs go up.

This was the big match to get. You just want to get to (today), no matter what it takes.

The economy is one ugly event away from contraction.

With inflation trending up, we believe the Fed will want to stay on the tight side of neutral for an extended period.