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US Fed seems confused by its own outlook, and that should worry all of us – Sydney Morning Herald
The Fed’s projections of a quicker-than-expected recovery in the US economy are at odds with its expectations that US rates will remain near zero until at least 2024.
Theres nothing V-shaped about the likely road ahead theres an array of big risks and uncertainties and even the relatively modest recovery implied by the Feds forecasts is conditional on the course of the virus.
As Victorians have experienced and Europeans can now attest to, the potential for sudden and violent outbreaks of the virus is real and has very damaging economic and social consequences.
Underlying the Feds more optimistic assessment of the state of the US economy is a belief that it …
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