Three And (Not) Done! More Empty Hopium From The Fed

That part especially resonates because the economy always evolves more slowly than the staff ever projects. What comes out of these specific minutes when you read them as a whole is how three-and-done appears more to be the FOMC’s unsubstantiated hopes than solid, honest analysis. They want it to be a solid economy, but it then lists all the very convincing ways it might not be.