Mark Zandi
Mark Zandi
Mark Zandi is chief economist of Moody's Analytics, where he directs economic research. He is co-founder of Economy.com, which was acquired by Moody's Analytics in 2005. Prior to founding Economy.com, Zandi was a regional economist at Chase Econometrics...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
concerned context focused gives inflation market regarding
The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.
coast moving people
In Florida, people are moving up the coast
growing inflation low pick signs starting
Inflation is still low and modest, but there are growing signs that it is starting to pick up.
adjustment asking difficult economy economy-and-economics force four full grow job labor leave market means people process similar three
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
businesses question whether
It's not a question of whether businesses can expand; it is a question of their willingness.
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The bloom is definitely off the housing rose. Housing peaked last summer and has been weakening ever since.
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The baby boom echo generation is now in their mid-teens, at a time when demand for electronics is very high. And they're old enough now to put pressure on their parents to ante up. I know that from personal experience.
businesses coming confident course further improve job market turning willing
Once skittish businesses are turning into confident businesses that are willing and able to hire. I think the job market will improve further in the course of the coming year.
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The new chairman will want to show his inflation-fighting mettle. Early on, Chairman Greenspan was on the aggressive side to establish his credentials.
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The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 9/11 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.
consequences margin zero
The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.
raising
Implicitly, ... 'I can keep raising rates, and most homeowners won't suffer.'
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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.
change tax
It's an appropriate change to the tax code.