Just days after Chicago Fed's Charlie Evans said what may well be the dumbest thing a central-planner has ever said [3], when he referred to the Fed's paint-by-numbers dot plot as proof the "economy is doing better", he hit the talk circuit again and said a bunch of stuff, mostly repeating what he said on Friday with the only notable item being his latest forecast about when the Fed should hike rates, saying that he now thinks "mid-2016 is the best choice for a Fed liftoff."
So, in the spirit of "assisting" the Fed's communication policy here is a recap of Charlie Evans recent "predictions" about when the Fed should hikes rates:
- September 2013: EVANS; NO RATE HIKE UNTIL LATE 2015 (source [4])
- March 2014: EVANS: NO RATE HIKE UNTIL EARLY 2016 (source [5])
- October 2015: EVANS: MID-2016 BEST CHOICE FOR LIFTOFF
Is there any surprise why everyone is tired of Fed "forecasts" and "predictions" and why, as BBG's Richard Breslow said last week, Central Bankers need to just shut up [6]?