Usually the federal government takes a much more limited role in natural disasters.
More Quotes from Ethan Harris:
The Fed's kind of locked into this cautious optimism mode. Everybody there has the same line about how once geopolitical risks abate things will get better.Ethan Harris
Companies have been able to maintain incredible productivity growth for a low-growth economy. It does look like firms are finding ways to use technology and make do with fewer workers.
Ethan Harris
We've been trying to see whether the improvement of the economy and financial market will carry the day in terms of consumer confidence, or if worries about labor will dominate. It looks like the 'glass-half-full' view is winning.
Ethan Harris
You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter. From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed.
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
There's definitely going to be nervousness around the event and a kind of inertia. My wife has already asked me not to come into work that day.
Ethan Harris
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I was lucky enough to be given books that weren't top sellers; books that were kind of under the radar.
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Better to illuminate than merely to shine, to deliver to others contemplated truths than merely to contemplate.
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