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After the COVID-19 pandemic, criticism regarding the Federal Reserve’s forecasting capabilities of economic variables has increased. From Wall Street CEOs like Jamie Dimon to think tanks like The Hoover Institution, the consensus has been that the Fed’s human and institutional errors not only create inaccurate forecasts but that these forecasts lead to bad monetary policy.

Article by Armine Kardashyan’26   Despite low unemployment, an increasing labor force participation rate, and robust GDP growth this year, US consumers are still pessimistic about the state of the economy. Is consumer sentiment becoming disconnected from economic fundamentals or do consumers simply weigh recent inflation more heavily than these other positive indicators? To address