Based on the results of this survey as reported at the Wall Street Journal Economics blog and depicted below, large numbers of U.S. economists are prepping their 2015 (maybe 2016) “I told you so” commentaries as they relate to the Federal Reserve’s handling of interest rates.
I’m not sure if this is round two or three (i.e., I wasn’t really paying attention back in the early-1990s when Greenspan held rates pretty low for a few years) but, either way, it’s kind of disconcerting to see a plethora of economists (who, by the way, are not known for being the sharpest tools in the shed as far as predicting the future) already thinking the Fed is making the same mistake (one that they’ve never acknowledged) once again.
