Powell Is Concerned About Dots

Dot Plot Figure Three

Obvious Problem

The obvious problem is the Fed's dot plot looks nothing like either. And it has been hugely wrong.

The reason is obvious. The Fed has no idea what it is doing or where interest rates should be anymore than it knows how many cars GM should produce.

Concern Over Zero Bound

Moving beyond the discredited dot plot, Powell is also concerned about policy decisions when interest rates are close to zero.

 

 

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Sensible Cents 1 year ago Member's comment

And what about figures 1 and 4? Where are those?