Speech

Ghosts and Forecasts


Abstract: 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.

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Speech

Publication Date: 2015-01-16

Number: 242

Note: January 16, 2015. Presentation. "Ghosts and Forecasts." CFA Society Chicago, Distinguished Speakers Series.