Ghosts and Forecasts

January 16, 2015

St. Louis Fed President James Bullard evaluated FOMC forecasts for 2014 and discussed implications for monetary policy in 2015. During an event in Chicago, he noted that the FOMC has been surprised in the same way two years in a row regarding its forecasts. He said that the nature of the surprise pulls the FOMC in two different directions on monetary policy.

Presentation (pdf) | Press Release

James Bullard

James Bullard
President and Chief Executive Officer

Media requests
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

Biographical

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

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