Catch-Up With David: with Chief Economist Jan Hatzius
In this episode of Catch-Up With David, Goldman Sachs CEO David Solomon sits down with Chief Economist Jan Hatzius to discuss his journey from growing up in West Germany, to taking his first economics class in college and eventually building a career of making economic forecasts, weighing inputs and challenging assumptions. One thing he's learned through the years is that being a good forecaster requires "reconciling and combining qualities that don't naturally go together," Hatzius explains. Whether it's forecasting a slowdown in the global economy in 2019, or calculating the probability of a recession, the business of forecasting demands analytical rigor and a willingness to challenge personal assumptions. "When the world changes – you need to recognize that the world changes," he says.