The Federal Reserve’s track record of economic forecasting is a lot better than many observers recognize.
The poor would have been better off if the Fed had done more to support asset prices—and particularly home prices.
A new proposal would change the 12 regional Feds from private to public institutions.
With inflation pressures low, there's a lot more the Fed can and should do to get people back to work.
Policy makers have made some famously bad predictions over the past eight years.
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