- The Fed may be about to taper in December or March, but Goldman's Jan Hatzius thinks Janet Yellen might cushion the blow by announcing a simultaneous easing - lowering the unemployment threshold for a rate hike to 6% from 6.5%.
- Hatzius has talked about this for awhile, but now feels strongly enough about the chance to raise it from just a possibility to his "base case." Of note are two studies from influential Fed economists arguing for a reduction in the 6.5% threshold (they're set to be presented this week at the IMF's annual research conference). "It's hard to overstate [their] importance," says Hatzius.
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Hatzius: Taper yes, but policy ease also coming
Nov 5 2013, 13:06 ET