Fed Stuck on Six-Week Data Cycle When Investors Want a Forecast
- Powell has insisted rate decisions be made meeting by meeting
- Critics say extreme data dependence is creating volatility
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For the past several months, Federal Reserve Chair Jerome Powell has hammered home the idea that interest-rate decisions will be made meeting by meeting based on incoming data.
The Fed publishes a summary of every policymaker’s quarterly economic forecasts, but Powell has referred to those as just a snapshot of views from that moment in time.