- Admin
- #1
The U.S. Federal Reserve should beef up its quarterly "dot plot" of policymakers' interest-rate-path views by including the individual economic expectations that inform each one, Austan Goolsbee, president of the Chicago Fed, said on Friday. The dot plot, published every three months since 2012, is a graph depicting where each of the 19 U.S. central bankers expect the Fed's policy rate to be at the end of each of the next few years. The latest one, published in March, shows the median Fed policymaker expected to need to cut short-term borrowing costs three times by the end of this year, though nearly half saw fewer rate cuts, and several saw just one rate cut or none.