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


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.

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