Yogi Berra Quotes
Forecasting is very difficult, especially when it involves the future.
He is absolutely right, but unfortunately made this statement several years after he served as the Fed Chairman. He never made a statement like this when he and his colleagues made their policies based on their economic forecasting. Central bankers have generally felt that one of their jobs was to give the people confidence in the nation’s banking system and economy and the admission that much policy making was based on “coin toss” forecasting.
Lawrence Peter "Yogi" Berra was an American professional baseball catcher, who later took on the roles of manager and coach. He played 19 seasons in Major League Baseball (MLB) (1946–1963, 1965), all but the last for the New York Yankees. He was an 18-time All-Star and won 10 World Series championships as a player—more than any other player in MLB history. Berra had a career batting average of .285, while hitting 358 home runs and 1,430 runs batted in. He is one of only six players to win the American League Most Valuable Player Award three times. He is widely regarded as one of the greatest catchers in baseball history, and was elected to the Baseball Hall of Fame in 1972.
