Chicken and egg problem there.Have you considered the possibility that the Fed just got better at making projections?
it was Zero Interest Rate Policy
The interest rate has been above 2% for more than four years now. It’s currently at 3.75% so even if it is as you say, it doesn’t explain what’s happening now. I think I’ll just stick with “irrational exuberance” being the explanation.
Chicken and egg problem there.Have you considered the possibility that the Fed just got better at making projections?
The interest rate has been above 2% for more than four years now. It’s currently at 3.75% so even if it is as you say, it doesn’t explain what’s happening now. I think I’ll just stick with “irrational exuberance” being the explanation.