Dot Plot Fantasyland Projections
4.75%-5.00% Interest Rates in 2020?
That's what one economic clown believes.
Did anyone bother to calculate interest on the national debt at even 4.00%?
Judging from the dot plot, it appears the Fed is thinking about a recession or a perfect landing sometime in the "longer run".
All this stuff is pure silliness.
Mike "Mish" Shedlock