Fed Forecasts: Financial Sport or Costly Distraction?

Tags: Booms and Busts, The Fed, Inflation, U.S. Economy

10/22/2023 Jonathan Newman

Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.

Original Article: Fed Forecasts: Financial Sport or Costly Distraction?

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