Buzzword Bullard on Reuters
– Inaccurate Fed forecasts have been pulling the central bank in different directions
– Says it’s a long standing problem
– Forecasts overestimating growth and inflation pull policy makers in one direction while underestimation of the unemployment decline pulls in the other
A serious case of pot calling the kettle black when it comes to forecasts. Over the last couple of years Bullard has called inflation every which way but right