How the Fed flunked its forecasts

The Federal Reserve can't predict interest rates to save its life

The Federal Reserve.
(Image credit: Getty Images)

Tomorrow afternoon, the Federal Reserve concludes its latest semi-regular meeting to set the course of monetary policy. But this meeting will be a bit different.

As usual, the small group of voting officials at the Fed will have to decide where to set interest rates. But they also have something much more unusual to do deal with.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.