The Fed's inflation forecast was wrong and Powell shouldn't be trying to water down recession risks, according to RBC

Dec 15 2022 by Business Insider

 
Jerome Powell

Pool/ Getty Images

The Fed was wrong again on its inflation forecast on Wednesday, according to RBC. The bank's chief economist said the Fed's projection of inflation next year was hard to justify. Powell also shouldn't try to water down recession risks, since some Fed officials already see a recession in the cards.

The Federal Reserve's inflation forecast was wrong at this week's Federal Open Markets Committee Meeting, and Jerome Powell shouldn't be trying to water down...

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