The Blackest Black Box Mid-Session Review Ever
I was looking to see what the Administration’s Mid-Session Review economic forecast looked like. Alas, courtesy of Jared Bernstein, I am disappointed. Did Vought et al. purge all the economists from the CEA, Treasury and OMB? The MSR: We’ll have to take it that the Administration’s forecast is then the same as those released in […]
The Blackest Black Box Mid-Session Review Ever report highlights the disparity between the Administration's Mid-Session Review economic forecast and other forecasts, including the April WSJ mean forecast and the NY Fed nowcast. The Administration's forecast, which is the same as those released in April, is criticized for not aligning with the reported GDP growth and the NY Fed nowcast.
The report suggests that the Administration's forecast may be influenced by the removal of economists from key economic agencies such as the CEA, Treasury, and OMB.
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