Federal Reserve confounds the economic forecasters

David Brancaccio Sep 19, 2013
HTML EMBED:
COPY

Federal Reserve confounds the economic forecasters

David Brancaccio Sep 19, 2013
HTML EMBED:
COPY

For many economists, yesterday’s news from the Federal Reserve came out of left field. Fed chairman Ben Bernanke said the economy still isn’t strong enough to taper off bond buying stimulus. The news has left some of the economic forecasters feeling led down the garden path — a lot of money will have been lost taking financial positions based on the big prediction that didn’t materialize.  

Drew Matus, senior US economist at UBS Securities, joins Marketplace Morning Report host David Brancaccio to discuss. 

Click the audio player above to hear more. And to listen to David’s conversation with Diane Swonk, chief economist at Mesirow Financial, click here

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.