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Fed’s GDP and Unemployment Projections: Who Believes Them?

September 20, 2020

Fed’s GDP and Unemployment Projections: Who Believes Them? In addition to its blather about interest rates, the Fed also made numerous economic projections. Economic Projections Please consider the Economic Projections of FOMC Participants under their individual assumptions of appropriate monetary policy, September 2020. Fed’s GDP, Unemployment, PCE Inflation Projections GDP Projection The Fed believes GDP will only […]

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U.S. Department of Energy: Our forecasts aren’t really forecasts (or are they?)

January 18, 2015

U.S. Department of Energy: Our forecasts aren’t really forecasts (or are they?) Put this in the category of things that can’t be true, but that are nevertheless affirmed with a straight face: The U.S. Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy, does not issue forecasts, at least not long […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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