Problem
Check the Federal Reserve Board's semiannual monetary policy reports to the Congress. In these reports, which are published every year in February and July, the Federal Reserve Board members provide economic performance forecasts. Using this information, answer the following questions:
a. How well did the Fed anticipate the economic performance of 2010?
b. Explain why economic forecasts are not totally accurate.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.