Economic Forecasts Quotes

The Treasury has enough trouble with forecasts even when they are trying to get them right.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

We are going to serve our full term; there will be no snap election, and we are going to do our best to ensure that 2016 is going to be a good economic year.

Short-term market and economic prognostication is largely a fool’s errand, we invest according to a strategy that makes the need to rely on short-term market or economic assessments largely irrelevant.

The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.

Like so many free trade deals before and since, Nafta was sold as a massive opportunity for working people and their prospects. Forecasts spoke of hundreds of thousands of new jobs in all three countries. The reality could not have been more different.

All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.