Goldman Sachs Chief Economist Hatzius: Even with today's data, wages are still growing around 5 year average, haven't made any real headway - CNBC interview
- The case for 'patience' is still quite strong
- Broad employment to population ratio is still 4% below where we were in 2006
- We are modeling a modest increase in consumption growth
- Haven't yet changed growth forecast of about 3% in 2015; dollar strength could force us to shave that forecast, FX impact has been offset by lower oil so far