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forecast higher inflation rates, while they forecast lower unemployment rates relative to the consensus view on the future …
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This study investigates whether the U.S. Federal Reserve's balance sheet can be used to predict macroeconomic outcomes. The Federal Reserve writes its own accounting standards, and I recast portions of the Federal Reserve's weekly balance sheet as if it more closely followed Generally Accepted...
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's view to forecast FOMC forecasts. Specifically, monetary policy is forward looking and, in its pursuit of transparency, it …
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