The Fed has over-estimated growth in 14 of the past 15 years

One headline from Jackson Hole was that the Fed wasn’t taking criticisms seriously
Expect the dissection of the Fed to continue.
Criticisms have never been higher of the Fed’s failure to meet its mandate and its wrong-headed methods of picking winners and losers. The calls for change hit an all-time high in the days before Jackson Hall but the commentary from symposium was completely tone deaf.