Fed Chair Powell signals possible tweaks to ’dot plot’ rate-path forecasts
Live MintBy Ann Saphir and Howard Schneider March 7 - Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched "dot plot" interest-rate projections as part of a broad policy framework review underway at the U.S. central bank and expected to wrap up by the end of summer. That is the Fed's quarterly report on what each of its 19 policymakers expect for economic growth, the unemployment rate, inflation, and the Fed's own policy rate over the next several years. Supporters of the dot plot say it can make monetary policy more effective, noting that in the wake of the global financial crisis the Fed's dot plot underscored U.S. central bankers' expectation they would be keeping rates at zero for much longer than markets might have otherwise expected. The Bank of England offers a "fan chart" of possible future paths for inflation and growth, an approach that former Fed Chair Ben Bernanke recently advised it to ditch in favor of publishing a range of alternative scenarios for both the economy and for rates.
History of this topic
The Fed holds interest rates steady but cuts economic growth forecasts because of tariffs
CNN
US Fed chair Jerome Powell signals rate pause over tariff-led economic uncertainty, ‘dot plot’ tweak likely ahead
Live Mint
Jerome Powell-led FOMC to meet today: US election results, inflation to GDP— 5 key indicators to watch
Live Mint
US Fed policy: 5 factors that will influence the decision
Hindustan Times
How the Federal Reserve's dot plot might help forecast interest rate policy : The Indicator from Planet Money : NPR
NPR
US Fed holds interest rates steady, indicates hikes upcoming
Al Jazeera
Fed sees 3 rate hikes next year as it pivots to combat inflation
Al Jazeera
Time for a Reserve Bank of India ‘dot plot’
Live Mint
Fed signals gradual rate-hike approach intact despite soft patch
Live Mint
Fed’s dot plot looks increasingly out of touch on rates
Live MintDiscover Related