Goldman’s Hatzius Sees Tipping Point For US Labor Market

Everyone was wrong except Goldman. Goldman and Chris Waller. That's not exactly how Jan Hatzius put it while editorializing around US labor market normalization, but he was keen to remind clients that the bank consistently suggested the rebalancing process needn't necessarily entail mass layoffs. And it didn't. For over a year, private sector economists -- and former Fed officials -- variously insisted on the long odds of an "immaculate" normalization process. History, they were determined, ru

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3 thoughts on “Goldman’s Hatzius Sees Tipping Point For US Labor Market

  1. Did he happen to mention the impact of immigration on labor supply? I don’t believe that most analysts or models were taking that into account.

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