It makes sense they would make it a little more open, just because the next meeting is still pretty far away, and when you have a new guy coming in you want to give him as much wiggle room as possible.
More Quotes from Jan Hatzius:
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.Jan Hatzius
biggest pent-up negative wealth effect you can see in the economic data going back to 1952.
Jan Hatzius
Going forward, is there still adjustment in the pipeline I think there is. The household savings rate is low, and debt growth has accelerated. That means that consumer spending growth is going to be slow. In the next 12 months, the economy is going to do well, but it will be a temporary acceleration rather than the beginning of a normal recovery.
Jan Hatzius
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.
Jan Hatzius
While the official productivity data look impressive, alternative measures that are equally reasonable show a much more subdued picture.
Jan Hatzius
The message is pretty clear here they are quite determined to keep going.
Jan Hatzius
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