A Hat Trick for the FOMC

December 7, 2015

At Ball State University in Muncie, Ind., St. Louis Fed President James Bullard assessed the Federal Open Market Committee's forecasts running up to 2015 and discussed implications for monetary policy. He said that the forecasts look to have missed on all three key variables—real GDP growth, unemployment and inflation—and that the misses are such that they continue to pull the committee in different directions on monetary policy.

Presentation (pdf) | Press Release

James Bullard

James Bullard
President and Chief Executive Officer

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Adriene Dempsey

Executive Assistant to the President
Margo Gundlach

Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin

Senior Economist and Special Assistant to the President
Riccardo DiCecio

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"Rationally, let it be said in a whisper, experience is certainly worth more than theory."
Amerigo Vespucci

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