Source: WSJ
The short answer is because their Expectations are what drive policy, and Fed Forecasts are what drives their expectations . . .
Thus, despite their terrible forecasting track record, Fed forecast matter to policy implementation.
Source: WSJ
The short answer is because their Expectations are what drive policy, and Fed Forecasts are what drives their expectations . . .
Thus, despite their terrible forecasting track record, Fed forecast matter to policy implementation.
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