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Kashkari: Fed forward guidance can backfire if it's wrong

Discussion in 'Fundamental Analysis' started by ForexLive, Sep 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Minneapolis Fed President Kashkari - Forward guidance can undercut the Fed's message if it's consistently wrong - Says he has mixed feelings on the use of forward guidance He's absolutely right. All the dot plots have done is underscore that the people at the FOMC are terrible at forecasting. So now, even with a Fed statement that basically promises a Fed hike in December or sooner, you have the market giving it just a 57.5% chance.

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