January 10, 2014
St. Louis Fed President James Bullard discussed FOMC forecasts in recent years and for 2014 at an economic outlook forum hosted by the Indiana Bankers Association. Bullard said that for 2014, the St. Louis Fed continues to project improved growth prospects for the U.S. economy, a decrease in unemployment and a slight increase in inflation going forward.
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"Rationally, let it be said in a whisper, experience is certainly worth more than theory."