“Until we can reach and sustain job growth of at least 150,000 every month, there will be growing slack in the job market. And until that happens, we are unlikely to see the kind of healthy wage and income growth that can sustain a strong recovery.”
“That's not going to happen this time. We've got hundreds of thousands of people who had jobs who had to flee who don't have a job now or a place to live. There are wide areas where nobody is going to be able to live or work.”
“We can sustain the expansion. Come January and February, people are going to get hammered with huge heating bills. But once they get past that, they'll be O.K. I have no beef with a forecast of 3.5 percent GDP growth next year.”
