We don't change our personal consumption forecasts around [the Michigan sentiment index]. But it's a good sign -- I think the consumer will trudge along here, even if they are saddled with high debts. -Ethan Harris

 

We don't change our personal consumption forecasts around [the Michigan sentiment index]. But it's a good sign -- I think the consumer will trudge along here, even if they are saddled with high debts.


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This quote is just one of 9 total Ethan Harris quotes in our collection. Ethan Harris is known for saying 'We don't change our personal consumption forecasts around [the Michigan sentiment index]. But it's a good sign -- I think the consumer will trudge along here, even if they are saddled with high debts.' as well as some of the following quotes.

While the Fed is more than one person, Mr. Greenspan's retirement means less confidence in the Fed, with somewhat greater risk of both financial market instability and inflation.

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

I think what people will see is that commentary from Fed officials will sound almost identical to their commentary prior to this meeting. Nothing's really changed at the Fed.

Ethan Harris

Fed officials ... likely anticipated some fallout in fixed income markets, ... We believe ... that Fed officials wanted to signal a greater probability of tightening in 2004 than had been priced into markets.

Ethan Harris

In the big oil shocks that really damaged the economy, the tax on the consumer was many times more than that, but that alone wasn't enough. You also had to have people worrying that prices were going higher forever.

Ethan Harris