I don’t Feel there’s plenty of acknowledgment of uncertainty. And the medians are part of the challenge. Persons focus on the medians, not only from the dots—that’s a lot of the emphasis—but additionally, for inflation and advancement plus the unemployment price.
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I wouldn’t publish the medians. I understand persons outside the house [with the Fed] would determine the median. But it really’s distinct when some other person is executing it. And by exactly the same token, I believe the chair plus the committee have to be cautious not to seize the medians and make them the main target of communication.
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