Hatzius Says Fed Easing Measures Will Probably ‘Fall Short’

Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc, said that while the Federal Reserve will “very likely” take more steps to ease monetary policy, asset purchases will have a limited effect on the economy.

“They’re going to do quite a lot but it’s probably still going to fall short,” Hatzius said today at a fiscal policy conference in Washington. “There is going to be a natural bias towards caution among monetary policy makers.”