Barnett on “Why were the Fed’s inflation forecasts so wrong?”

Professor William A. Barnett – CFS director of Advances in Financial and Monetary Measurement (AMFM) – questions “Why were the Fed’s inflation forecasts so wrong?”

He then addresses limitations in the modeling approach at the Federal Reserve and – more importantly – offers ideas for the future.

To view Bill’s opinion piece…
https://www.kansascity.com/opinion/readers-opinion/guest-commentary/article260903877.html

CFS Monetary Measures for March 2022

Today we release CFS monetary and financial measures for March 2022. CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.6% in March 2022 on a year-over-year basis versus 4.9% in February.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Mar22.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’