35 Quotes by Jan Hatzius

The message is pretty clear here: they are quite determined to keep going.

The consumer numbers are certainly more important than normal.

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.

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.

High margins are an inducement to invest more aggressively.

You've got seven quarters in which the homeownership rate basically has done nothing. It's fair to say that it's stagnating.

The chairman now sounds notably more worried than previously that house prices have risen too much and that the downturn could have a severe effect on the U.S. economy.

The deterioration in housing affordability is one key reason.