Saturday, September 21, 2013

Guess What The Fed's Original 2013 GDP Forecast Was

Fed's non-tapering of QE caught almost everyone by surprise.  Not me--I've said all along:  QE to infinity, remember?   Besides, even a taper means QE will continue, albeit at a slower rate, but it's not an end to QE--nor is it a reversal.

The Fed predicted 2013 GDP growth of 4.2%. Actual GDP growth is 2.1%--and sinking.  So for those who argue the Fed is losing credibility, I would add they lost it a long time ago.

No comments:

Post a Comment