QE3

New Deal

The Fed has Showed Why Fiscal Policy is Still Important

NEW YORK | By Mike Konczal via Next New Deal | One way of judging how the economy evolved in 2013 is to compare it to the Federal Reserve’s projections of it. As some market monetarists believe, these projections aren’t neutral projections of inflation and growth but also a communication of what the Fed thinks about what it can accomplish. So, how did the Fed’s projections for 2013 turn out? Did the economy end up how the Fed said it would when it announced expanded monetary policy?