HIM exposes flaw in Fed policy, main source of Fed’s major forecast errors

Do higher stock and house prices produce higher growth as the Fed believes? If so, not much, if any. This explains the poor forecasting by the Fed and why it may be a good idea once again to prepare for a different outcome than the Fed forecasts.
http://ify.valuewalk.com/wp-content/uploads/2014/04/HIM2014Q1NP.pdf

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