The short answer is because their Expectations are what drive policy, and Fed Forecasts are what drives their expectations . . .
Thus, despite their terrible forecasting track record, Fed forecast matter to policy implementation.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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