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Rate Cuts May Not End Fed's Quantitative Tightening | Former Atlanta Fed President Dennis Lockhart
Forward Guidance
The Importance of Taking Forecasts Too Virtually
When you're at the Fed, you're making decisions about an unknowable future. And that's why it might not make sense to say, oh, where's the 10 you're going to be in a year? 5%, 4%, 6%. We don't know. But if it's your job, you have to give your best opinion. Sometimes I think those forecasts are taken too literally.
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