Hatzius Sees Mortgage Credit Losses Slowing U.S. Growth: Video

Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc., talks with Bloomberg's Michael McKee in New York about a study he co-authored forecasting mortgage credit losses of around $400 billion, the impact of those losses on U.S. economic growth and the outlook for Federal Reserve monetary policy. Policy makers should encourage banks to raise capital because of the losses Hatzius and Morgan Stanley economist David Greenlaw wrote in the paper, presented to a conference today attended by Federal Reserve officIals and Wall Street economists. (Source: Bloomberg)

Bloomberg | February 29, 2008

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