Fed’s Evans To Market: We Are Right, You Are Wrong

Jon Economy

The egotistical arrogance is disgusting…
After years of (self-admitted) failure to achieve anything like a coin-flips accuracy in forecasting, Federal Reserve Bank of Chicago President Charles Evans excl;aimed this morning (after US macro data collapsed to one year lows) that:
‘I think that our path is more likely to be the one that we actually follow’ than the market’s view or the federal funds rate in the future. “
That a dozen ivory tower academics know best is comical. Here’s the current market vs Fed chart… (the market has lost faith since the March rate hike)

This post was published at Zero Hedge on May 12, 2017.