Ghosts and Forecasts

James Bullard

No 242, Speech from Federal Reserve Bank of St. Louis

Abstract: St. Louis Fed President James Bullard evaluated FOMC forecasts for 2014 and discussed implications for monetary policy in 2015. During an event in Chicago, he noted that the FOMC has been surprised in the same way two years in a row regarding its forecasts. He said that the nature of the surprise pulls the FOMC in two different directions on monetary policy.

Pages: 32 pages
Date: 2015-01-16
New Economics Papers: this item is included in nep-hpe and nep-mon
Note: January 16, 2015. Presentation. "Ghosts and Forecasts." CFA Society Chicago, Distinguished Speakers Series.
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