In the absence of a second layer of information, we all assume the job growth is from hiring. It is our default position.
More Quotes from Mark Zandi:
A lot of things have to come together to make my forecast of a slowing current account deficit come true.Mark Zandi
If my decision were based solely on economic considerations, I would tighten again. I think the economy won't be derailed by this. I think the economy is firm and they (Fed governors) can send a signal that things are as they were.
Mark Zandi
People are responding to the escalating prices They're moving.
Mark Zandi
I think the new chairman will be more aggressive in tightening policy, at least early on in his term, just to establish his inflation-fighting credentials.
Mark Zandi
A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.
Mark Zandi
It's less likely that the Fed will pause in its tightening. A neutral rate is certainly at least 4 percent and probably a little higher. That's where we're headed.
Mark Zandi
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