Fed Inflation Experts Are About As Credible As ‘Late-Night Psychic Hotlines,’ GOP Senator Says

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Republican Louisiana Sen. John Kennedy criticized Federal Reserve Chairman Jerome Powell and the central bank’s forecasters over their failed inflation projections on Tuesday.

Before asking if the Fed would accelerate its asset purchases to control the surging inflation, Kennedy went after the central bank’s forecasters who have consistently failed to accurately project inflation, adding they have lost credibility.


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