- The Big Picture - http://www.ritholtz.com/blog -

Why Do We Pay Attention to Fed Forecasts?

Posted By Barry Ritholtz On September 25, 2013 @ 12:00 pm In Digital Media,Federal Reserve,Really, really bad calls | Comments Disabled

NA-BY120A_FED_G_20130918190304 [1]
Source: WSJ [2]



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.

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2013/09/why-do-we-pay-attention-to-fed-forecasts/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/09/NA-BY120A_FED_G_20130918190304.jpg

[2] WSJ: http://online.wsj.com/article/SB10001424127887324492604579083243936441418.html

Copyright © 2008 The Big Picture. All rights reserved.