The idea that the recovery has started has been clearly confirmed. But there's no way to know the sustainability of the recovery.
More Quotes from Ethan Harris:
We think inflation is going to remain benign going forward.Ethan Harris
The surplus creates an environment where there's a tremendous amount of saving being freed up for private investment every time the government pays down its debt, that frees funds to flow into private investments. That has created this strong growth economy that we have.
Ethan Harris
If job growth is just 50,000 a month, you can be sure that the unemployment rate is going to rise at some point in the coming months.
Ethan Harris
The Fed has made it clear that it will take quite ugly news to get them to move in advance of any clarity around the Iraq situation. That means the March 18 meeting seems too early to expect a cut.
Ethan Harris
A lot of things have to go right even to get 2.3 percent growth for the year,
Ethan Harris
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