In addition to deciding on monetary policy when meeting today and tomorrow, Fed policy makers...

|By:, SA News Editor

In addition to deciding on monetary policy when meeting today and tomorrow, Fed policy makers will update their economic forecasts, a skill at which they don't particularly excel. "These 19 economic policy makers can't forecast their way out of a paper bag," writes the WSJ's "Ahead of the Tape" column more bluntly. It's a bit worrisome, as the Fed has linked the end of QE to precise measures of unemployment and inflation.